Bitcoin has no built-in consumer protection?

[elygil2022]

It works both ways. Some prefer it that way. Protection is the responsibility of the owner. But that is the problem with attracting non-techie people. They want protection, so do I. Bitcoin will not become mainstream without government regulations.

[Dudeperfect]

As we call it a decentralized cryptocurrency, we must understand the responsibility and duties associated with the freedom of using it. There is no centralised authority to control or reverse the transactions on behalf of you so anyone must have the conscious sense while making any transaction are dealing with other aspects of it. Even if it looks unfamiliar at this stage, it is the future of our lifestyle since most of the sectors (even non-financial sectors) will adopt blockchain technology to optimise their processes. We must change our habits if we want to have the better environment.