I dont like BitCoin for these reasons:
1. The whole idea that someone can turn on his computer/GPU and "[ur l=https://en.wikipedia.org/wiki/Bitcoin_network#Bitcoin_mining]bit mine[/url]" and earn money is ridiculous.
People should earn money when they work hard for it. Turning on a computer and leaving it to run does not and should not count.
bit mine as you put it , is a work too. the people who are leaving their computer on to mine bitcoin are confirming other people's transactions and helping the bitcoin network
This is a waste of electricity as well and therefore it causes greenhouse gases and has a [ur l=https://pando.com/2013/12/16/bitcoin-has-a-dark-side-its-carbon-footprint/]carbon footprint.[/url]
and cutting down trees and printing out paper money (cash) is eco-friendly?
2. One would think they came up with a new currency system so theft could be prevented. No, [ur l=https://www.google.com/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#safe=off&q=stolen+bitcoin]BC gets stolen all the time[/url].
Why couldn't they "disable" the serial numbers of the currency that was stolen? Thats the kind of system that should have been designed.
people get mugged, cars get hijacked, supermarkets get robbed, so i guess we should stop going out of our home and stop using cars, etc
why don't you google stolen vehicle, or people getting mugged in the street?
3. BC is unstable. People lost a lot of money ([ur l=http://www.marketwatch.com/story/how-i-lost-half-of-my-retirement-investment-in-bitcoins-2014-10-07]one tiny example[/url]; there are probably hundreds and thousands) and they did nothing wrong. A good modern currency should not have this defect.
all those people lost their money because they have blindly put a lot of money in something they didn't understand how it works. then bought it at the highers peek of price with the hope
"to get rich quickly over night" but their dream didn't come true. also they didn't want to accept that price is going up and sell, they held on to their bitcoin until it was late.
It does have positive points which is why many people are using it but it would have been nice if it didnt have the above problems.
One would think if a new digital currency was created it wouldnt have issues like this. Computers and software are so powerful now. It should have been possible to design a currency with none of the issues above.
"Then dont use it" Or "Why dont you make your own currency system?"
These are not valid responses so they shouldnt be said here.
it has problems, and nobody can deny them (not what you mentioned here) but it is a new technology and it should have these problems and they are getting fixed over time as it grows.