Advantages Of Crypto, Disadvantages of Crypto

[Coin BTC]

About Airdrop Pepe
What is the project about?

Airdrop Pepe (AIRPEPE) is a community-owned meme token which airdrops its half supply to the community. It comes with renounced ownership, burned LP tokens, no reserved team supply and no taxes.

What makes your project unique?

With half the supply airdropped to our community, the contract ownership renounced and 100% of the LP burned we're a truly community-owned meme token.

History of your project.

We're a new project which just stealth & fair launched. Our team, however, is very experienced with DeFi and is aiming to build something big.

What’s next for your project?

The next step on our roadmap is our airdrop where we give away 50% of the total supply.

What can your token be used for?

We're planning to launch several DEX tools in the near future, including an own swap and staking options.

CLAIM Airdrop

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[20kevin20]

Cybersecurity issues

What kind of "issues"? Most of the "hacks" are due to the BTC owners' fault. Sending hoping to get 2x your money from Elon Musk, downloading crap off the web, opening unsafe executables, PDFs etc.

Transparency...

I agree but just to an extent. I am an advocate of privacy coins, and studying them made me realize that transparency isn't always good. It's good as long as all parties are fair and have good intents. Otherwise, things could turn dark and creepy so quickly - see Chainalysis.

[bhadz]

Security is only an issue to those projects that don't focus on it. It's simple these days to make a coin if you know someone that can do that. But upon doing it, the issue starts there because the security isn't tight and if you're in a budget, don't expect that there's much security tightness being installed as these projects being made. But for serious projects, it's one major concern that they shouldn't allow to pass their security checking because it's important.

[poodle63]

What are the disadvantages of cryptocurrencies.
Scalability,Cybersecurity issues,Price volatility and lack of inherent value,Regulations.

You can't generalize all of that things as disadvantages of crypto. You may wrong about that. Crypto has nothing to do with the regulation and the new platforms have been fixing all of problems just like scalability. There will be no also perfect code and  it needs to be audited anytime to make sure that if there was no critical bug in the code. Did you know economy 101? Volatility was an advantage for crypto. If you didn't want volatility and why don't you just keep your money into the fiat form rather than use crypto? You can make money caused by volatility and it's a non sense thing to blame it as the disadvantage for the crypto. I think that you need to think again about that.

[o48o]

What are the disadvantages of cryptocurrencies.
Scalability,Cybersecurity issues,Price volatility and lack of inherent value,Regulations.

Regulations aren't a cryptocurrency issue, they are a real world issue, price volatility only applies if we want to replace it with money.

The real use case for these native tokens (or coins) like eth, should be that they are incentives for keeping the network secure. I mean they are obviously worth something, but they shouldn't be compared to fiat money, or normal currency as they don't behave similarly.

Cybersecurity is an issue in anywhere where humans use the internet. Your data is being stolen, so is your money. That comes with the nature of cryptos ("your keys, your money"). I admit that will be an issue in the future too unless someone finds a way to deal with that.

Scalability continues to be an issue, there are always going to be trade-offs in terms of anonymity, speed, security and decentralization.

[sheenshane]

Next time please put some effort into determining the disadvantages and advantages of cryptocurrency, it's a lack of information you gave, and might there are more about what you're talking about.

There could be less risk if you know the basic function (technical) of crypto or let say Bitcoin since it's an irreversible transaction, there could be a cause of scams.  People use this for a convenient transaction purpose and also want to cut out intermediaries such as centralized financial institutions and which means, financial freedom.

And the additional disadvantage is easy to lose if you don't know the proper storing your crypto, it's very vulnerable to cyber attacks that could lead losing your fund.

[SlimShadyMmp]

Distribution of wealth and decentralization are the most important factors in crypto and ofcourse the fact that It make transaction more efficient and seamless For the disadvantages I will say try to keep your skin in the game and better not get rekt (bull and bears)

[gwdf1]

What are the disadvantages of cryptocurrencies.
Scalability,Cybersecurity issues,Price volatility and lack of inherent value,Regulations.

Advantage of crypto currencies. Fast and Inexpensive
It only takes a few minutes to send any amount of money. Regardless of the amount or the destination, Decentralized issuance, Lower fraud risks and Transparency...

As for me, the only drawback of crypto is that we can't pay with it everywhere yet because of regulations. Other problems can be solved, moreover, if one crypto has some features, another one has different, so they complement east other. For example, ordinary crypto currencies are volatile, but there are stable coins that don't change in price. 

[Rufsilf]

Crypto is such a big help to our economy in many ways, and it can be used against inflation and make financial transactions easy. It can be also used to acquire wealth and investments or make you financially comfortable. But there are pros and cons in it.

Advantages:
* Possible High Returns
* High Security and Low Risk of Fraud
* Transparent Records
* Fast and Immediate Transactions with Low Fee

Disadvantages:
* High Volatility
* Medium to High Risk Loss
* Unregulated

I think cyber security doesn't belong to the disadvantages of crypto because crypto itself has a high security and difficult to breach. Cyber security issues are found only on the crypto owners who have failed to secure their accounts.

[isaac_clarke22]

~

What cybersecurity issue are you talking about, OP? Unless that you are using a custodial wallet, then you should be just fine.
Your kind of mixing it up with "decentralized issuance" as well.
"Not your keys, not your coins"

[danherbias07]

Privacy from your wife or your mom.  You can keep it in cryptocurrencies and they will never know even if they search the whole house.
Kidding aside that's one reason for some people, privacy. Security though is the one more good reason I've been pulled into it. Not that I distrust the banking institution but I want to be the manager of my own savings which I can control whether I like to withdraw or deposit.
The other thing is the volatility. It can be both an advantage or a disadvantage but if you know what you are doing then it will mostly be an advantage.

[dupee419]

Cybersecurity issues

What kind of "issues"? Most of the "hacks" are due to the BTC owners' fault. Sending hoping to get 2x your money from Elon Musk, downloading crap off the web, opening unsafe executables, PDFs etc.

Transparency...

I agree but just to an extent. I am an advocate of privacy coins, and studying them made me realize that transparency isn't always good. It's good as long as all parties are fair and have good intents. Otherwise, things could turn dark and creepy so quickly - see Chainalysis.

I guess what the OP is trying to prove is that hackers can easily access wallets, which is true, but mostly is the fault of the owners, storing your crypto on an online wallet is quite risky, otherwise, I don't think there's really a big disadvantage about crypto but more advantages to it actually, we don't get these features around fiat, we don't encounter volatility or constant bullish/bearish seasons around fiat, so I think there's more of advantages rather than the disadvantage/s.

Transparency is good on some aspects but not to the extent of making everything transparent or public, privacy is also needed.

[cabron]

One of the biggest advantages of crypto for me is the freedom wherein we don't have in the fiat currency, you are anonymous in cryptocurrency and that's what I want it the most, the high risk and high reward is also what I want here, even though I have lost a lot of money in crypto before especially when I was a newbie, still, I earned even more than lose money.
The cybersecurity issue is not a problem of cryptocurrency, it is a problem of a user itself, you got scammed and you are responsible for it, that is your fault.

And the biggest disadvantage is that cryptocurrencies are not widely accepted in brick and mortar stores. BTC is close to becoming mainstream but it's still not very familiar to everyone store owners. All they want is the fiat and if they even want digital transactions it's going to be debit/credit card transactions which are even slower than any altcoins today. Sad to say they don't even realize that too.

One advantage that I like the most is that you have your money right with you all the time especially if you memorized your 12 words. Is like bringing your money with you all the time.

[jrrsparkles]

What are the disadvantages of cryptocurrencies.
Scalability,Cybersecurity issues,Price volatility and lack of inherent value,Regulations.

Advantage of crypto currencies. Fast and Inexpensive
It only takes a few minutes to send any amount of money. Regardless of the amount or the destination, Decentralized issuance, Lower fraud risks and Transparency...

The greatest advantage of cryptocurrencies is decentralization, no one hold your funds only you are in full control of your money which lacks in Fiat monetory system. Disadvantage again the decentralization made the prices to be highly volatile so it makes cryptocurrency not fit for using payment in day to day usage.

[adiebitsler]

Distribution of wealth and decentralization are the most important factors in crypto and ofcourse the fact that It make transaction more efficient and seamless For the disadvantages I will say try to keep your skin in the game and better not get rekt (bull and bears)

Where will you get the advantage if you always don't want to meet bulls and bears?
because buyers always expect these two things to turn their capital into a very attractive profit in the crypto space.

[Al Qiyamah]

The advantage of cryptocurrencies is that there is no third party controlling our money in the crypto world, we can do what we want with our money without having to involve a third party. but that is also what can be one of the drawbacks of cryptocurrencies, when we lose our money in the crypto world, there is no party we can demand to get our money back.

[dhemasm]

The greatest advantage of cryptocurrencies is decentralization, no one hold your funds only you are in full control of your money which lacks in Fiat monetory system. Disadvantage again the decentralization made the prices to be highly volatile so it makes cryptocurrency not fit for using payment in day to day usage.

Yeap, The most important one is Decentralization but it's have some backwards, With crypto we are controlling our money without any centralized entity but that's means if our fund stolen or anything like that we can't do anything beside the price was usntable since no one controlling it also there are some scalability issue for example like congested Ethereum network, it's normal though since it's only 10 Years from the first crypto created and today there already tons of improvement to fix this. There will be always advantages and disadvantages but crypto offering more advantages rather than disadvantages.

[michellee]

There are many more disadvantages and advantages of cryptocurrency that we do not know yet because not many countries now are not accepting crypto and that is one of the disadvantages of crypto. But out of that, people who want to involve in crypto will think about how they can make money from crypto and maybe that is their main reason why they want to join in crypto.

They do not care about the advantages or disadvantages because as long last they can make money from crypto, they will accept everything about the advantages or disadvantages because they can benefit from crypto.

[aylabadia05]

What are the disadvantages of cryptocurrencies.
Scalability,Cybersecurity issues,Price volatility and lack of inherent value,Regulations.

Advantage of crypto currencies. Fast and Inexpensive
It only takes a few minutes to send any amount of money. Regardless of the amount or the destination, Decentralized issuance, Lower fraud risks and Transparency...

Cryptocurrencies are highly transparent and the risk of fraud is low. What do you think can prove that cybersecurity issues can harm cryptocurrencies?
In fact, there are so many advantages of cryptocurrencies that can cover the existing shortcomings and you are one of the people who believe what I say.

[Fivestar4everMVP]

Advantage of crypto currencies. Fast and Inexpensive
It only takes a few minutes to send any amount of money. Regardless of the amount or the destination, Decentralized issuance, Lower fraud risks and Transparency...

Well, you really don't understand fully the advantages of crypto currencies if this few you mentioned here are the only ones you could come up with.

To me, crypto currencies are highly advantageous compare to its disadvantage, Infact, i personally don't see any disadvantages of crypto as a real disadvantages, the time we will see the real disadvantages of crypto is when it becomes fully mainstream, when it becomes the only means of exchanging, buying and selling of goods and services all over the world, maybe then, we will discover that the only disadvantage will be that our non learned old parents will have a really hard time understanding how to use it, which to me, is still not a disadvantage cus they can be taught how to.