Topic: Will cryptocurrency create peer-to-peer transfer problems in the future? - page 2. (Read 338 times)

it has a shit ton of weaknesses. the governments have shown they can block ex's some of the time. what will happen in the long run when they come after pools or miners.

It is indeed a disadvantage (all advantages like Bitcoin's decentralization have some drawbacks), but it's pretty much the same with things like cash. It's totally up to you to make sure you take extra safety precautions to make sure that you don't get scammed.

As someone who uses p2p and have been using it for a long time due to government restrictions, I haven't encountered any issues. And from my observations the exchanges that offer this p2p options are constantly updating there security framework to ensure that both the buyers and the sellers are safe and protected from frauds or any potential issues that could come up from the system. This is the best response I can give from my understanding of the OP.

For me, I think the peer to peer transfer already has a problem and this problem started since several countries of whom adopted it, decided to regulate it.
Upon regulation, a country like Brazil has centres or should I say mini banks, that help do direct transactions from cryptocurrency to the local currency or otherwise.
This is why I see it as a problem that has already had a solution for future purposes, because the decentralized network has mostly now been infiltrated by the centralized network and although P2p still works, there has been other means of transactions that exist wherein P2p may be considered invalid, old or out of date.

I don't think it's a negative aspect of Bitcoin look at those people who use PayPal many people are being scammed with cashback and they never solved this case until now and many users and small merchants or sellers who accept PayPal as payment are always victims with cashback.

It is a pretty bad idea to make Bitcoin the same as Paypal I am fine with Bitcoin except for current network congestion.

The example you used is quite hard to understand and is confusing but I do get what you mean. Let me give you an example here:

Just like you said we cannot take it back. If given or sent to the wrong person, that person might never bring it back and no one else is responsible but you. So you can not blame anyone unlike with centralized systems they can be penalized but you? You just lost your money.

At the same time this is part of our freedom and we must bear the consequences.

The positive side of cryptocurrency Peer to Peer Transfe.I can send you money directly without any middleman. It is a positive thing. But it can be a negative thing because if I send the money directly. In that case, if you have any illegal intentions or if I have any terrible bad intentions, then I can take the money directly from you. If there is a bank in the middle you can get your money back in many ways. When you send money directly, there is no possibility of getting this money back. This is why hackers say bad things are happening.Bitcoin is now the most popular thing or cryptocurrency in general among people in the criminal world. If it is a peer-to-peer transaction through cryptocurrency, it is a big deal. Once sent, there is no way to get it back and it is very difficult to trace. When opening a normal bank account, the account is opened with your name and your parents' names. So it is very easy to find out who sent and who received money. When I open the wallet and do the transaction in Bitcoin. Actually, no information has to be given while opening the wallet. This is because I am not opening an account by filling any information or any form. When I am receiving or sending bitcoins, I can see who is sending the wallets. You can see which account is going from which account. But it is very difficult to find out who is the owner of that account. This is a negative aspect of Bitcoin.