Bitcoin negatives

[Zanab247]

I may not say that bitcoin is 100% the perfect solution but what it offers us today is the exact solution to the financial and economical challenges we are all facing with the government, so when you're talking about negative aspect i may not argue much because it will surely exist no matter how the little or small it may appear, the advantage is what we look on to and embrace the decentralization for our own personal interest, the solution is far better than any form of negative influence others may thought about with bitcoin adoption.

If you mention 100% ,many people will know that you are not telling them the truth because it's only God that can give 100% solution, but I know that BTC has perfected 60% in the life of humanity that embraced BTC because it has reduced unemployment from many countries that adopted BTC and still remain decentralized.

The negative aspects, BTC is not centralized currency and you can not hodl it physical for other people to see or receive it from you like the way sellers receive fiat money from us physical without any fear of disobeying the law of the government.

The BTC negative aspect is not much compared to fiat money, you will store in your bank and they will give you date when to withdraw your fiat money you deposited for the bank to hodl for you, but you can't find such negative in BTC which is the reason why, I said BTC negative are few.

[Wakate]

The op is not telling people the truth because I ma still skeptical where he copy and got such an idea from think Bitcoin does not worth. There many use case of Bitcoin that needs five searched if op really want to know. If you think Bitcoin does not worth the stress then why are many firms investing in Bitcoin and planning to hold for as long as possible. You don't need to decieve anybody here because there are lots of testimonies of people that have invested in Bitcoin and have made huge profits from it. Elon once criticize Bitcoin years ago but now, he is still buying and accumulating it because of the potentials.

[Sandra_hakeem]

93% premine to anyone born today.

100% premine to anyone born in 2140.

Causes toxic waste material (even hal said this).

Waste of energy that could be used to solve cancer or feed people (hal said this).

Everything is designated to work on its own for good...
Haven't you been reading through your state local budgets list? How much do they spend on housing and properties and unnecessary developments? Why don't you go ahead to protest against their doings?  You really wanna talk about things being toxic? Focus on your political toxicity!!
It cost alot to fight and gain freedom - especially through referendum... Bitcoin was introduced to help blunt the sharp edges of privacy intruders.
Edit;

To be fair, a lot of gold miners have actually exploited slave labor to extract the gold for them. But nobody has ever tortured another to mine bitcoins for them.

Edit:

Including the central banks itself -  Dude has no idea what he's talking about!

[MeGold666]

A "Premine" is unfair mining before official release, I would never call Bitcoin a premine just because I wasn't there to mine it when I could.

As for energy waste, it solves a great financial problem so I wouldn't call it a waste but rather energy use.

It would be just an energy waste if it wasn't giving anything in return.

If Bitcoin would ever switch from PoW to PoS, then I would say all that energy used was a waste because from decentralized project we have switched to convulsed centralized project pretending to be decentralized one - like the premined Ethereum (who would thought it will switch to PoS, lol).

BTW, Vitalik reminds me of SBF - he uses the same tactic of creating an image of himself of altruistic man who does not care about money (cheap haircut, cheap wardrobe) but in reality he is a money hungry beast.

[peter0425]

The negative aspects, BTC is not centralized currency and you can not hodl it physical for other people to see or receive it from you like the way sellers receive fiat money from us physical

I actually disagree. I think many enjoy the decentralized nature of bitcoin as it protects our privacy and makes sure that we remain anonymous no matter our transactions are.

Also the fact that it is digital is more of a convenience nowadays rather than a disadvantage. These days a lot of transactions are made through online not to mention that it much safer to be holding your money digitally than physical where someone can easily rob it from you.

without any fear of disobeying the law of the government.

Well that would depend on your country's rules and regulations. Participating in bitcoin is not illegal in some nations and in fact even encouraged.

[Gladitorcomeback]

The op is not telling people the truth because I ma still skeptical where he copy and got such an idea from think Bitcoin does not worth. There many use case of Bitcoin that needs five searched if op really want to know. If you think Bitcoin does not worth the stress then why are many firms investing in Bitcoin and planning to hold for as long as possible. You don't need to decieve anybody here because there are lots of testimonies of people that have invested in Bitcoin and have made huge profits from it. Elon once criticize Bitcoin years ago but now, he is still buying and accumulating it because of the potentials.

There is no clear evidence or statements about Elon Musk buying and accumulating Bitcoin. However, we don't need to explain anything to anyone. Someone who thinks Bitcoin is not worth investment is losing in this race, this isn't going to affect Bitcoin or the industry if they are not interested in it or think it is worthless or doesn't deserve investments, it's their loss in the end of the day and they will realize this in the future when they will see its price.

Those who did the same thing when Bitcoin was below $1,000 are badly regretting it today because if they weren't busy trying to show Bitcoin in a negative light and had accumulated some, they would have been millionaires today but it's unfortunate for them. So, those doing the same thing today will have the same faith.

[GideonGono]

Bitcoin:

93% premine to anyone born today.

100% premine to anyone born in 2140.

Causes toxic waste material (even hal said this).

Waste of energy that could be used to solve cancer or feed people (hal said this).

1 person can be 50% of the network.

Fiat can buy all the miners and coins, Central bankers still win.

People have been killed for it and tortured (sure this happens with fiat but the blood is on your hands now).

Network fee only goes back to miners this leaves no funding for roads, garbage, schools, medicare or disabled veterans.

1-3 hour transactions

high network fee cost more than the coffee you are buying

Only 1 miner wins in the end then it becomes centralized, he can push all the other miners out. This will be the FED.
this simulation proves it https://www.youtube.com/watch?v=Q41RW6bxpM4

Why not blame anything in Bitcoin?
People have been killed and tortured even for other assets as long as they have a value.
People could use other crypto if they want to but the question is why, even if there are so many who cries on the transaction fee, and other negative things people say about Bitcoin, why do you or they even use it or buy it?
If they don't want to they could just ignore it and people who supports it doesn't realy care much about it.

[G_Besar]

Also the fact that it is digital is more of a convenience nowadays rather than a disadvantage. These days a lot of transactions are made through online not to mention that it much safer to be holding your money digitally than physical where someone can easily rob it from you.

I quite agree with the fact that it is safe to store money digitally rather than physically, where it is easier for other people to steal it. Because sometimes it will be difficult for us to prove that it is our money when it is in other people's hands, so with the presence of blockchain technology. This will actually make it easier for everyone to store their own money without having to worry about being robbed as long as their wallet is really well maintained. Apart from that, when someone wants to buy something that is more expensive, it will also be easier to use digital money rather than carrying physical cash in their suitcase.