I dont like BitCoin for these reasons:
1. The whole idea that someone can turn on his computer/GPU and "
bit mine" 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.
This is a waste of electricity as well and therefore it causes greenhouse gases and has a
carbon footprint.It is a smaller carbon footprint than you really think it is. Besides, you can't CPU or GPU mine anymore. It isn't profitable and just wastes money and electricity. The big mining farms that mine are usually near big cheap sources of electricity. Those happen to tend to be renewable sources like hydroelectric plants. HaoBTC's mine is near a hydroelectric which provides them cheap electricity and doesn't have a carbon footprint.
2. One would think they came up with a new currency system so theft could be prevented. No,
BC gets stolen all the time.
Why couldn't they "disable" the serial numbers of the currency that was stolen? Thats the kind of system that should have been designed.
It is just like cash. Cash can be stolen, and the serial numbers can't be disabled. There aren't serial numbers with Bitcoin, and disabling the spending of certain transactions requires hard forks and implies that there is centralization to decide what transactions are not stolen Bitcoin. Whose job would it be to decide that someone's transactions was Bitcoin being stolen?
3. BC is unstable. People lost a lot of money (
one tiny example; there are probably hundreds and thousands) and they did nothing wrong. A good modern currency should not have this defect.
It is just like stocks, the price goes up and down. Other foreign currencies fluctuate too. People shouldn't look at Bitcoin as a speculative investment where they can profit from it. Also, instead of looking at Bitcoin and comparing it to other currencies, it should be independent from them. Instead of 1 BTC = 300 USD, it should be 1 BTC = 1 BTC. This is what I hope happens in the future.