3 Concerns You Have For Bitcoin

[omfg.xekcep]

what are 3 concerns you have for Bitcoin?

this can be for the aspect of daily use?
if mass adoption would happen?

would it solve inflation?

etc. like to hear your thought?

To tell the truth I have striven to understand your question completely and what you want to hear but I am not sure that I could. Anyway I will endeavor to answer your question.
By far a lot of people claim loudly that using bitcoin provides some benefit. For sure there are some benefits such as
User Anonymity
No Third-party Interruptions
Purchases Are Not Taxed
Very Low Transaction Fees
Mobile Payments
No Risk of Inflation; Individuals Can Preserve Coins
International Payments Made Easy for Small Business Ventures
and much more

So, the final word is for you whether to use bitcoin or not.

[investor007]

The three things that concern me about Bitcoin are the following:

1. The problem of scalability, it is necessary to evaluate the effectiveness of exchanges for millions of daily transactions, especially in the case that a practical and massive use is achieved.

2. Security from the point of view of hash control by Chinese mining, although it is very unlikely, there is a small possibility that somehow the security will be altered.

3. A potential fall of Bitcoin because another Altcoin had a very strong impact on the ecosystem and attracted the attention of millions of people, displacing Bitcoin and relegating it to a low position.

[yohananaomi]

The three things that concern me about Bitcoin are the following:

1. The problem of scalability, it is necessary to evaluate the effectiveness of exchanges for millions of daily transactions, especially in the case that a practical and massive use is achieved.

2. Security from the point of view of hash control by Chinese mining, although it is very unlikely, there is a small possibility that somehow the security will be altered.

3. A potential fall of Bitcoin because another Altcoin had a very strong impact on the ecosystem and attracted the attention of millions of people, displacing Bitcoin and relegating it to a low position.

bitcoin transactions in crypto are the transactions that are considered to be very good and easy to use. in terms of security it is very reliable and has very good accuracy.
until now I have not seen that bitcon will fall because altcoin I actually see altcoin still depends on the movement and development of bitcoin, not the other way around.
so there is no need to be afraid.

[barabarian1]

I'm afraid maybe bitcoin won't be adopted en masse. because most countries already have national currencies. they are afraid that adopting bitcoin could disrupt the sovereignty of the national currency. and I think most countries are more interested in blockchain technology than bitcoin. we have heard a lot about companies and countries that adopt blockchain. but we rarely hear the adoption of bitcoin. I am also worried that one day my country is banning trading and investing in bitcoin. at this time my country legalized bitcoin as a trading community but not as a means of payment.

[Asuspawer09]

what are 3 concerns you have for Bitcoin?

this can be for the aspect of daily use?
if mass adoption would happen?

would it solve inflation?

etc. like to hear your thought?

Possible that bitcoin as a part of the financial landscape could surely affect inflation depends on the country. Also, fiat money is already implemented worldwide and surely it will not going to disappear at the moment bitcoin become implemented I'm not really sure if the bitcoin could replace the fiat money or how the bitcoin will be implemented in a country it has so many conflicts that preventing bitcoin to become a legal currency. I think it will surely affect inflation but we don't know how it will going to affect it.

[BigBoom3599]

bitcoin transactions in crypto are the transactions that are considered to be very good and easy to use. in terms of security it is very reliable and has very good accuracy.
until now I have not seen that bitcon will fall because altcoin I actually see altcoin still depends on the movement and development of bitcoin, not the other way around.
so there is no need to be afraid.

It's not because Bitcoin has always lead altcoins in the past that it can not be overtaken in the future. There is always a possibility that an altcoin with a unique feature (eg. smart contract, or anonymous txs) gains more adoption because of it's real life use than Bitcoin and overtakes it. Or this may even happen when a state-backed crypto is released and receives forced adoption because of the government.

Same goes for security, there is a (probably very small) chance that a bug is discovered in the bitcoin client which causes the whole network to fail. Or maybe the chinese government decides to buy tons of ASICs and 51% attack the network. These situations are not probable but they definitely are possible.
Nothing is invincible, not even Bitcoin

[JC btc]

I'm afraid maybe bitcoin won't be adopted en masse. because most countries already have national currencies. they are afraid that adopting bitcoin could disrupt the sovereignty of the national currency. and I think most countries are more interested in blockchain technology than bitcoin. we have heard a lot about companies and countries that adopt blockchain. but we rarely hear the adoption of bitcoin. I am also worried that one day my country is banning trading and investing in bitcoin. at this time my country legalized bitcoin as a trading community but not as a means of payment.

Why afraid? We are actually adopting the crypto these past few years, we can check in Coinmarketcap that the market value has risen and that there are countries who are initiating to legalize and making laws and regulation over crypto. You can check as well that there were some countries who put up Bitcoin ATM which is. a good move to everyone.

[fiulpro]

* Having a governmental firm for Bitcoins which will tackle all the problems regarding this

* Having a series of updated softwares being installed

 * Lightning network being updated with the bugs being solved .

*bitcoin's ATM's being installed and improved in a good way and people paying right

*Less fee for lightning network to normal wallet .

Etc..

[Beparanf]

I wonder the most that if Bitcoin can be useful on beating the inflation and the adaption can be increased all around the world or not. Especially, if the mass adaption can be applied, then it will be incredible for Bitcoin.

Inflation will be eliminated thru bitcoin
Governments acceptance and uses of it will be a big help for their economy
The price it can certainly achieve once the supply all used due to mass adoption.

[Asmonist]

Basically my concern for bitcoin is how will it adopt if the government will make it legal. I mean its quite good though but at some point it would be a really big change to the usual processes. However, I think it can be handled properly and the more it became known to many, the more its security might be compromise as well. Its really quite wierd but we'll just cross the bridge when we get there.

[dimonstration]

Basically my concern for bitcoin is how will it adopt if the government will make it legal. I mean its quite good though but at some point it would be a really big change to the usual processes. However, I think it can be handled properly and the more it became known to many, the more its security might be compromise as well. Its really quite wierd but we'll just cross the bridge when we get there.

I don't want it too to be legalised by government that may cause taxes in every transaction and they will put restrictions too much but it can help to lessen scam and hacking attempts. This may cause adoption of it will be legalised too. We all don't know what may happen as it gets more popular.

[Meowth05]

Basically my concern for bitcoin is how will it adopt if the government will make it legal. I mean its quite good though but at some point it would be a really big change to the usual processes. However, I think it can be handled properly and the more it became known to many, the more its security might be compromise as well. Its really quite wierd but we'll just cross the bridge when we get there.

I don't want it too to be legalised by government that may cause taxes in every transaction and they will put restrictions too much but it can help to lessen scam and hacking attempts. This may cause adoption of it will be legalised too. We all don't know what may happen as it gets more popular.

You have a point legalization of Bitcoin and other cryptocurrencies means of having the government to manipulate or regulation of our transaction, they might charge a tax for every transaction which we don't like. For me, it is better to keep Bitcoin in the middle, I mean away from legalization and away from prohibition or state of being illegal. Besides, I think government will never put this kind of unmanageable currency, perhaps they would rather create their own digital currency just like what's China doing.

[Wintersoldier]

Here's my point, even if we have achieve a huge market adoption, it will still not solve the problem with inflation. Basically it will just become the same with fiats if everyone will utilize a universal currency such as bitcoin. In a sense that the way we can avoid inflation is through hard work and becoming responsible for handling our financial assets.  One of my concerns in bitcoin is that it needs the partnership with the lightning network, and to reduce its market transaction fee even if the network is dense.

[maxreish]

3 concerns or things why I do have for bitcoin;

• The advanced technology given by bitcoin inspire me to join and be part of it.
• The convenience given by digital currency payments.
• Aside from being a store value or investment, bitcoin can give us the hope to gain more benefits we want to achieve in life.

People are adjusting to the new technology but as long as there are crypto enthusiast like me who are very optimistic with the outcome, mass adoption will occur.

[Youghoor]

The first concern I have for Bitcoin will have to do with the duration it takes for transactions to be confirmed on Bitcoin's blockchain network. For some time now I have realized that for faster confirmation, you need to pay extra. I just wish this particular issue can be solved soon. My second concern will also have to do with the wrong mentality people have about bitcoin. This is the major cause of hindrance in the adoption of Bitcoin in the financial ecosystem.  And my final concern is the negativity the media present bitcoin.

[bettercrypto]

I'm afraid maybe bitcoin won't be adopted en masse. because most countries already have national currencies. they are afraid that adopting bitcoin could disrupt the sovereignty of the national currency. and I think most countries are more interested in blockchain technology than bitcoin. we have heard a lot about companies and countries that adopt blockchain. but we rarely hear the adoption of bitcoin. I am also worried that one day my country is banning trading and investing in bitcoin. at this time my country legalized bitcoin as a trading community but not as a means of payment.

Adoption in bitcoin becomes bigger and wider, why? Because bitcoin is the well-known cryptocurrency and even though every nationalities have their different currencies using blockchain technology, all I can say that they would not surpass what bitcoin have been for the past few years until now.
Soon, bitcoin will unite the world through one main useful cryptocurrency. Wait for that.

[bhabygrim]

For me my 3 concerns about Bitcoin would be,
1. Would it still be up or still be the King of crypto when my kids grow up?
2. Could my kids or even grand child use Bitcoin if I would save some Bitcoin for them right now?
3. If I keep my hardware wallet frozen or untouched for a long time would my savings on that wallet still be safe since the hardware wallets are upgrading their system then my untouched wallet would be outdated,Would it still be safe there?

[Kambal2000]

Here are my 3 questions/concerns for Bitcoin:


1. How much will be your worth 10 years from now, would you still be the top crypto at that time?

2. Will Satoshi Nakamoto the founder be known and show up after 10 years, of he will hide his identity for the rest of his life

3. Would you do some organizations/corporation for crypto that will make an international law for those who would like to make a project, but needed to pass your rules and regulation first before they launch, just like having a license.


Hope this forum still exist at that time, and let's see if I can answer my questions here.

[airdnasxela]

My concerns focuses if bitcoin will be adopted

1. Scams and Hacks which is very inevitable on the internet. So if Bitcoin achieve mass adoption, scamming and hacking will be more rampant. Non-techy people will be at disadvantage
2. We don't have any idea about its future value. So people will always have to predict what would be it's value in the future
3. Environment. Right now, one concern here in bitcoin is the electricity it consumes. If the mass with adopt it, more electricity will be consumed and it would affect the environment really bad.

[DegenData]

1. How much longer will it be the king?  ETH and other cryptos are faster and have more features, perhaps making BTC obsolete soon if it doesn't keep up. 

2. How concerned should we be about quantum computing?   If the 5 million or however many bitcoins that are lost get their keys cracked it would plunge the price, though that might be the least of our worries if it happened. 

3. How can it achieve a better public image?  Most people who know almost nothing about bitcoin have a negative impression because they only hear about the negative aspects like criminal use.