Bitcoin is not perfect, and that's okay.

[Texac]

If someone says that Bitcoin is used for illegal things, we should really look at the bigger picture. Human intention, not intrinsic qualities, determines the use or misuse of all tools and technologies. Why is Bitcoin often singled out? Maybe a fear of the unknown or reluctance to adopt a system beyond customary controls?

Strictly speaking, it is due to human behavior, and no property or product is created solely for illegal or criminal use.  but we also need to admit that the decentralized and anonymous nature of bitcoin makes criminals prefer bitcoin because if they use bitcoin, it will be very difficult for the government and the law to track them.  but bitcoin was created to bring privacy, creating financial freedom for everyone, not just criminals.  and crime still exists today, it's the government's fault and no one else's.

[Lorence.xD]

I don't see how the statements made by the OP will be considered flaws because that is the characteristic of bitcoin—the nature of bitcoin itself. In fact, that is the beauty of bitcoin: its unique technology and characteristics that give investors opportunities. Volatile? I don't see that as a flaw. Yes, maybe from its word, but in bitcoin, it means profit potential. If there's no movement in the market, then there's no profit.

I agree with all the OPs who stated that not all things are perfect, even bitcoin. Yes, it can be subject to crimes and wrong deeds, but that is not the fault of bitcoin; the ones to blame are the people who commit the crimes.

So no matter what, I will still believe and do bitcoin stuff as long as I gain profit from it. This technology still has a lot to discover and can be applied to other technologies and daily lives.

There are a lot of things that have actually flaws, even other alternative investment also involves flaws cause there's no such thing as pros without cons. Bitcoin's volatility is one of the reasons why it's not yet used as an everyday currency cause you wouldn't want to sell something valuable when Bitcoin's value is low. We were just taking advantage of its volatility by simply buying at low and then selling at its highest price. But yeah from the investor's perspective, it might not be considered a flaw since that is the reason for our profits cause volatility is actually normal.

We can't really blame Bitcoin for illegal things it has been involved in, it's just a simple tool in which you have the freedom to control your funds as well as have transactions globally by the use of digital currency which is Bitcoin. Due to its decentralization, most of the people are free to make use of it even for bad deeds. But these kind of issues we can still compare these to other things such as fiat which is also involved in this kind of thing, so there's no need to hate Bitcoin's "flaw" which is literally normal.

[yudi09]

Bitcoin is not perfect and so is every other innovation man has created.
Not perfect in the sense that it has pros and it also has cons.
-snip-

Not perfect because they don't have to control Bitcoin like they do in fiat currencies.
Bitcoin will not be perfect for them forever as long as Bitcoin is still present in all transaction activities. They don't want to acknowledge Bitcoin by saying various negative things, for me it doesn't matter because Bitcoin continues to be active either as currency in every transaction or as an investment asset.
The stronger they create FUD on Bitcoin, the more Bitcoin continues to gain trust.

[Razmirraz]

Not only Bitcoin, everything created by humans has its own advantages and disadvantages. However, there must be a comparison between the advantages and disadvantages, the higher percentage of advantages makes Bitcoin increasingly popular in various countries.

People's interest in Bitcoin is increasing because it is considered a very promising digital business opportunity today. I admit Bitcoin is not perfect because it has several flaws. However, Bitcoin is a remedy for the imperfections of the modern financial system. The great power of Bitcoin has made people in various countries place great trust in carrying out various kinds of transactions and can be used as an investment asset.

[Peanutswar]

As Bitcoiners, it's okay to accept that Bitcoin has flaws but those flaws do not in any way make it inferior. The fact that about 0.25% of all cryptocurrency activities are associated with illicit activities according to  Chainalysis doesn't make it the "tool for terrorism" as the governments want people to believe.

One of the reasons why people are too afraid to use Bitcoin or even cryptocurrency is because of the impression given to us by different sources, for example in movies they are showing all of the cons using of cryptocurrency-related into illegal activities, crime, etc. with the current case scenarios people making a large amount of hacking, exploitation and etc. with the use of the bitcoin as one of their mode of payment, but in the brighter side and benefits of it they didn't seen too much just keep on negative side, this is why we know the essential and perks of using the crypto at all.

[Essential10]

Bitcoin and other cryptocurrencies are being discussed judiciously in various countries around the world, and are starting to become more widely used in society.  Bitcoin's security, management, and exchange are discussed at various times. However, it is still a technology whose reliability and durability are not fully guaranteed. When a state comes to power they conduct all the affairs of the state according to their rules. But Bitcoin is not governed by the rules of any state, Bitcoin is free in the world. The more valuable a person is, the more criticism he gets in the society. Bitcoin is just as valuable as it gets more and more critical.  Bitcoin is moving at its own pace no matter what anyone says.

[Webetcoins]

I thought the "Bitcoin is a criminal" was a very old thing and both people and governments have gone passed that thing already, but if they are still dragging it and trying to make Bitcoin look negative in this manner, I think those who believe this thing will only regret doing so in the future just like the ones who are regretting today for believing the words of mainstream media back in the day when they were making Bitcoin look bad by calling it different names one of them being "a criminal currency".

I still remember the time when people wouldn't even listen a word about Bitcoin and start talking rubbish about it just because they have heard all the negative things about it from either mainstream media or government official and even from social media influencers who doesn't even know a thing.

[DanWalker]

Bitcoin is not perfect and so is every other innovation man has created.
Not perfect in the sense that it has pros and it also has cons.
-snip-

Not perfect because they don't have to control Bitcoin like they do in fiat currencies.
Bitcoin will not be perfect for them forever as long as Bitcoin is still present in all transaction activities. They don't want to acknowledge Bitcoin by saying various negative things, for me it doesn't matter because Bitcoin continues to be active either as currency in every transaction or as an investment asset.
The stronger they create FUD on Bitcoin, the more Bitcoin continues to gain trust.

Who are they? I am a bitcoin investor, but I myself have not seen bitcoin as perfect, and I have not seen a great invention that is 100% perfect to the point of having no drawbacks. Everything has advantages and disadvantages, but the disadvantages of bitcoin are not too big while the advantages and benefits of bitcoin are too many. What's more important is that bitcoin provides and solves the problems we want to solve, so the disadvantages of bitcoin are nothing worth mentioning. And not everyone has the same thoughts and needs, so it's not surprising that many people don't like bitcoin. Bitcoin cannot please everyone.

[libert19]

Oh I thought it'd more like Bitcoin transaction fee stuff/scaling issues.

Democracy and capitalism are not perfect, but we all want them. Why? Why don't we ditch democracy and practice a perfect system instead?

If there was better system than what is available right now, then certainly it'd have been implemented. What I believe is, human being himself is by nature imperfect, so his discoveries can't be perfect.

[Blitzboy]

I thought the "Bitcoin is a criminal" was a very old thing and both people and governments have gone passed that thing already, but if they are still dragging it and trying to make Bitcoin look negative in this manner, I think those who believe this thing will only regret doing so in the future just like the ones who are regretting today for believing the words of mainstream media back in the day when they were making Bitcoin look bad by calling it different names one of them being "a criminal currency".

I still remember the time when people wouldn't even listen a word about Bitcoin and start talking rubbish about it just because they have heard all the negative things about it from either mainstream media or government official and even from social media influencers who doesn't even know a thing.

Indeed, the idea that Bitcoin is criminal is outdated. Blockchain's transparency often exceeds traditional banking systems, but it's a superficial label that's hard to remove. The regret you mention is true, and this stereotype shows how first impressions stick in the public consciousness. People keep the first information they get, and Bitcoin's public rehabilitation has taken a long time.

Remember, fear of the unknown is human nature. When Bitcoin first came out, no one knew what to do with it. Its no surprise worries and misinformation grew there. Major media and authorities shape images before a collective knowledge can develop. That affect might stay like a shadow after the substance changes.

However, the tide is turning. Bitcoin's resilience and adoption reject the 'criminal' label. Its becoming evident that this technology offers more than a criminal shelter. It offers financial independence, efficiency, and unprecedented global financial inclusion. Its not just about being pro-Bitcoin; its about being pro-innovation, pro-growth, and pro-freedom. Those who are delaying may regret missing out on a financial revolution.

[yudi09]

-snip-

Who are they?

Do they have such thoughts? I think they don't have a healthy mind about Bitcoin.

I am a bitcoin investor, but I myself have not seen bitcoin as perfect, and I have not seen a great invention that is 100% perfect to the point of having no drawbacks. Everything has advantages and disadvantages, but the disadvantages of bitcoin are not too big while the advantages and benefits of bitcoin are too many. What's more important is that bitcoin provides and solves the problems we want to solve, so the disadvantages of bitcoin are nothing worth mentioning.

I am also an investor. Bitcoin shortcomings are covered by many advantages and benefits. Bitcoin's shortcomings may provide an opportunity for people who want to provide input into development because Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part.^[1]
In my opinion, these disadvantages are included in the advantages. I also admit that everything has advantages and disadvantages.

And not everyone has the same thoughts and needs, so it's not surprising that many people don't like bitcoin. Bitcoin cannot please everyone.

Do they have such thoughts? I think they don't have a healthy mind about Bitcoin.

[God bless u]

Bitcoin is not perfect and so is every other innovation man has created.
Not perfect in the sense that it has pros and it also has cons.

Everything has certain pros and cons and no body can ignore it and if we wants success then we will work and will accept the business with both pros and cons. Not a single business can give you pure and 100 percents ease to obtained profitable results. We should use its advantageous characteristics only and don't forget that there is always a solution to each problem always.

"The bitcoin market is too volatile and unstable"

Bitcoin is volatile it is true but also keep in mind that because of this volatility more people are investing in it and if there is a constancy in worth then enhancing money would not be easy as it is now. You will find a way of earning that has no negative effects but actually such way of earning does not exist.

[fullhdpixel]

Absolutely, like any innovation, Bitcoin has its strengths and weaknesses. It's essential to acknowledge its imperfections while highlighting its advantages. Bitcoin's transparency and security make it valuable, despite its occasional use in illicit activities. The key is to understand and address the challenges while embracing the potential for financial inclusion, decentralized finance, and borderless transactions that Bitcoin offers. As a crypto payment gateway, Coinremitter also aims to enhance the benefits of cryptocurrencies while addressing concerns through secure and user-friendly solutions.

For some people it was only the imperfections, and the disadvantages is the ones that they see, making them to avoid and hate BTC. There are also people who are the complete opposite, in which they only see the benefits but disregard the downside, making them still fail later on and ended up complaining.

It is important to be balanced and not just to focus on one side only. Any currency can be used by a criminal so we shouldn't only focus in BTC but like others, there is also a solution now to combat them and that is by implementing certain regulations. This is the way that the government thinks of to continue adopting Bitcoin, and maybe some people as well because they are now feeling secured.

[MinoRaiola]

Bitcoin is not perfect and so is every other innovation man has created.
Not perfect in the sense that it has pros and it also has cons.

Okay, right. But Bitcoin is secure against manipulation or fake money. I dont mean all the scams, I mean the blockchain. If you compare it to cash, then you are better with Bitcoin in your Pocket. Gold can be manipulated in the substance of the material and if you are not pro, you might get fooled. Bitcoin forks cannot be perfect because they were copied from a perfect one?

[Miles2006]

I don't see how the statements made by the OP will be considered flaws because that is the characteristic of bitcoin—the nature of bitcoin itself. In fact, that is the beauty of bitcoin: its unique technology and characteristics that give investors opportunities. Volatile? I don't see that as a flaw. Yes, maybe from its word, but in bitcoin, it means profit potential. If there's no movement in the market, then there's no profit.

I agree with all the OPs who stated that not all things are perfect, even bitcoin. Yes, it can be subject to crimes and wrong deeds, but that is not the fault of bitcoin; the ones to blame are the people who commit the crimes.

So no matter what, I will still believe and do bitcoin stuff as long as I gain profit from it. This technology still has a lot to discover and can be applied to other technologies and daily lives.

There are a lot of things that have actually flaws, even other alternative investment also involves flaws cause there's no such thing as pros without cons. Bitcoin's volatility is one of the reasons why it's not yet used as an everyday currency cause you wouldn't want to sell something valuable when Bitcoin's value is low. We were just taking advantage of its volatility by simply buying at low and then selling at its highest price. But yeah from the investor's perspective, it might not be considered a flaw since that is the reason for our profits cause volatility is actually normal.

I think now in this modern world everyone wants something good even criminals, terrorist etc and it's likely said by people that bitcoin funds terrorist and putting the blame on bitcoin rather than blaming the terrorist but we can't help so we keep defending bitcoin, I don't see any flaws about bitcoin the fact is even those terrorist knows the important and it has to do with privacy so they go for it and all this should be attributed to bad government. This is actually normal cause if we want to count investments that has flaws we should be ready to mention all investments.
I don't see any need talking about volatility in bitcoin cause  investors benefit from the volatility, without the fluctuating  price of bitcoin then we should not call it an investment, I will rather call it a store of value but the fact remains that investors take advantage of the volatility.

[Japinat]

If someone says that Bitcoin is used for illegal things, we should really look at the bigger picture. Human intention, not intrinsic qualities, determines the use or misuse of all tools and technologies. Why is Bitcoin often singled out? Maybe a fear of the unknown or reluctance to adopt a system beyond customary controls?

Strictly speaking, it is due to human behavior, and no property or product is created solely for illegal or criminal use.  but we also need to admit that the decentralized and anonymous nature of bitcoin makes criminals prefer bitcoin because if they use bitcoin, it will be very difficult for the government and the law to track them.  but bitcoin was created to bring privacy, creating financial freedom for everyone, not just criminals.  and crime still exists today, it's the government's fault and no one else's.

Illegal activities have been rampant already even before the inception of bitcoin so its obvious that even with fiat alone, committing crimes has already become a norm. But since the government  is here to protect their fiat, so the people have no right to complain about fiat. But with the existence of bitcoin that becomes a threat to fiat and its government due to its decentralization nature, the government has find a good reason to put all the blame in bitcoin.

In reality, bitcoin is just a tool and it has no capabilities to manipulate the people to do illegal activities. But with greed that has motivated the people to behave illegally, then that could be the big reason why these type of people have resort into making illicit activities because they have taken advantage on the anonymous nature of bitcoin and use it on its wrong purposes.

[Renampun]

Bitcoin is not perfect and so is every other innovation man has created.
Not perfect in the sense that it has pros and it also has cons.

"Bitcoin transaction is irreversible". I would have loved it to be, but there are reasons why it's not. Also, a transaction that was made from one bank account to another is irreversible too. So it's not new.

"The bitcoin market is too volatile and unstable"
So are the forex market and stock exchange market.

"Bitcoin is used to commit crimes". (The lamest).
So does the Internet, phones, computers, guns, and all. Even harmless things like vehicles, boats, and ships are used to commit crimes.

Terrorism has always been funded with fiat currencies since before the inception of Bitcoin. You can walk into a bank and withdraw $10k cash from your account and you do not know if the money was deposited into the bank by a human trafficker.
I don't see anybody fighting fiat because it's used to fund terrorism.

Democracy and capitalism are not perfect, but we all want them. Why? Why don't we ditch democracy and practice a perfect system instead?
Every human being having and enjoying their human rights is not perfect so let's ditch that also.

As Bitcoiners, it's okay to accept that Bitcoin has flaws but those flaws do not in any way make it inferior. The fact that about 0.25% of all cryptocurrency activities are associated with illicit activities according to  Chainalysis doesn't make it the "tool for terrorism" as the governments want people to believe.

However, FUD against Bitcoin is very difficult to stop, we will continue to hear FUD news that vilifies Bitcoin and the most frequent is the narrative about Bitcoin being used by criminals to make transactions. as a bitcoiner, we actually need to provide clarification to people who always link bitcoin with criminal activity, bitcoin is not like that, previously fiat was a medium of exchange that was always used by criminals, even now this still continues but why are they only highlighting the misuse of bitcoin by criminals, as long as we remain strong then all types of FUD are just a passing wind.

[Ojima-ojo]

doesn't make it the "tool for terrorism" as the governments want people to believe.

Is this really a thing that governments are discussing these days? Because the other day I saw another topic around the same subject here and despite the FUD about illicit usage being old it makes me wonder whether they are starting it up again?

We have moved beyond the time where we pay attention to what propaganda of Bitcoin perceived illicit usage which is in small proportion compared to the government own currencies which have been widely used by terrorists, and other barons kidnappers and the rest without any hope on sight to limit such usage of the fiat money to fund illegal deals.


So for that, we have chosen to take the government for what they are, and that is an anti-freedom of the citizens since kicking against what they can't control despite its nature of being a secure alternative.

[Winterfrost]

The only perfect creation is God. Humans creation has limitations and Bitcoin is no exception. The vision was implemented accurately by Satoshi and because of the solid foundation it has remained and acquired mainstream from various individuals world wide.

When it comes to crimes. Just like gun and other tools are used to commit crime Bitcoin is not a tool used to commit crime. It is a means of payment and no transaction was  performed forcefully out of the senders will to send payment to the criminals.  

[Cryptomultiplier]

For me, BTC isn't perfect, but it appeals to the band of users who find it helpful for across border payments and lower fee transactions.
The important thing is to note that BTC is money unlike any other kind of paper money out there and it depends on the choice of the user to gain more value.
It ain't physical cash, but it sure makes reasonable gain in the long run if saved up, due to its rising value and usership.