Bitcoin is not perfect, and that's okay.

[serjent05]

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.

It is self-explanatory, since Bitcoin is created by a human who has a limitation, it is expected that Bitcoin will have its flaws.  Regardless, what important here is the innovation that Bitcoin brings to the table.  Bitcoin enables the trading and global participation of the unbanked and that itself is already a great feat.

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.  

Bitcoin as a tool can't do either good or bad.  It is the users that decide how they will use Bitcoin.

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.

There will be always some individuals who want to manipulate the market in order to gain profit.  So FUD, Hype, and FOMO are always present in every market.  It will exist forever so we should be accustomed to it and should verify any information that is being leaked or announced before making a decision in trading/investment.

[bettercrypto]

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.

Even though Bitcoin is not perfect, it still helped many people who believed in what it could do in terms of financial solutions in every human life around the world to open their minds to this field of industry.

But even though they think Bitcoin is no longer good, the percentage continues to increase, making it popular and a reason for investors around the world to trust it even more. Why is that? That's because they can't prove that Bitcoin is bad in the reality that is happening now every time it comes to us.

[Mauser]

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 

What would be the perfect system instead of democracy? As far as I know there hasn't been any system that is fairer to the majority of people, which obviously doesn't mean democracy is perfect and there will be no misuse of power. Also why are people enjoying human rights no perfect? It's much better to have every human choose for himself than to have dictatorship where one person makes decisions for millions of people without any repercussions. Civilization always has advanced with the time and so does the financial system. I would argue that the majority of negative quotes against crytpo currencies also hold true for any other currency. For example, crimes are committed in any country on the world and in any currency. If we would remove crypto currencies all together, it doesn't mean that crime is going to stop overnight. Or what is wrong with a volatile market, looking at some other currencies or stocks we can see that there is a lot of volatility as well. If a security is being traded all around the world actively, then high volatility is going to happen during times of crisis.

[mindrust]

Bitcoin doesn’t have to be perfect. It just needs to be good enough and it is good enough. If you need to use bitcoin, you can always do that because the network is up and running like it has been since 2009 or smth.

How do you define “perfection” anyway? To some people bitcoin isn’t perfect because it is not fully anonymous but the governments/businesses don’t like fully anonymous crypto currencies for this exact reason. Some people think btc is not perfect because it has small blocks but some people think having a decentralized network is way more important than having bit blocks.

It is always an exchange. You get something but you’ll have to give up on something else. Impossible to please everyone.

[michellee]

Even though Bitcoin is not perfect, it still helped many people who believed in what it could do in terms of financial solutions in every human life around the world to open their minds to this field of industry.

But even though they think Bitcoin is no longer good, the percentage continues to increase, making it popular and a reason for investors around the world to trust it even more. Why is that? That's because they can't prove that Bitcoin is bad in the reality that is happening now every time it comes to us.

Nothing is perfect if it is man-made, as with Bitcoin. But so far, Bitcoin has been perfect for me because Bitcoin has provided many benefits for me and other people. All of us who have known Bitcoin for a long time have already benefited from that.

We can also accept that Bitcoin is not perfect. And those who think Bitcoin is imperfect will probably regret it when they see Bitcoin will become more and more popular in the future. They will not be able to follow Bitcoin's journey, especially if they still think negatively about Bitcoin.

They should try to accept Bitcoin as it is. And they can also take advantage of the benefits that Bitcoin brings to them. After they get the benefits from Bitcoin, they can judge whether Bitcoin is imperfect or whether Bitcoin is perfect after they get the benefits from Bitcoin.

[Kakmakr]

You are 100% correct....

Should we stop using telephones and mobile phones because terrorists and drug dealers also use it to talk to communicate? There has not been a single technology that has not been exploited by criminals, but the Bitcoin competitors and haters are using all these criminal activities as examples to not support Bitcoin use. 

Banks have a lot more problems than Bitcoin has, just look at all the flaws that exist in their technology... "Charge backs / SIM swapping / ATM kidnappings / Hacking of online Banking clients etc..."

I take Bitcoin over Banks every day of the week. 

[Jon_Hodl]

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

I'm gonna disagree on this one.

Democracy is definitely societal gang rape but capitalism is objectively prefect. It is neither good nor bad. Capitalism just is ...and Bitcoin itself is the closest the world has ever come to achieving actual capitalism.

[Promocodeudo]

Nothing created by man is perfect, it is only God creature that's perfect, most times humans argue it, the innovation called bitcoin is not perfect, that's why it experiences fluctuations, meaning price instability, is just like every day we here that the world needs peace since I was born I always hear world unity, this ain't coming, that's tell us that any intuitive by humans can ever be perfect, for example robots, robot malfunctioning has caused so many death, mainly in developed world where these robots are used to carry out different functions, the recent network high fee alone should tell us that bitcoin is not perfect, it is just an innovation that's is undergoing gradual advancement and review.

[DanWalker]

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.

As we also said, bitcoin is not perfect, besides the advantages there are also disadvantages. Therefore, it is very normal that there will be some people who have unhealthy thoughts about bitcoin or even hate it. I think we don't need to worry about that because it has nothing to do with us and it also doesn't reduce the appeal of bitcoin. Furthermore, I think more positively, as bitcoin becomes more popular and widely accepted, one day people who hate bitcoin will use it. But at that time, they had to buy at a higher price than now and they deserved it.

[bayu7adi]

Comparing Bitcoin's shortcomings to many things is not the best way to invite people to accept Bitcoin, especially when you bring up democracy and capitalism, which makes it even less sensible.

Accept Bitcoin as a simple digital asset... there's no need to overcomplicate it to get the attention of many. Just prove that Bitcoin is good for privacy or that it adopts the best blockchain technology, and that's promising enough for those who understand technology. Looking for solutions to Bitcoin's shortcomings isn't a promising approach. Instead, we can accept those shortcomings as part of the package.

As of now, I still hold Bitcoin because it represents freedom to me. Like a young, free, spirited, and up to date .

[Blitzboy]

Even though Bitcoin is not perfect, it still helped many people who believed in what it could do in terms of financial solutions in every human life around the world to open their minds to this field of industry.

But even though they think Bitcoin is no longer good, the percentage continues to increase, making it popular and a reason for investors around the world to trust it even more. Why is that? That's because they can't prove that Bitcoin is bad in the reality that is happening now every time it comes to us.

Nothing is perfect if it is man-made, as with Bitcoin. But so far, Bitcoin has been perfect for me because Bitcoin has provided many benefits for me and other people. All of us who have known Bitcoin for a long time have already benefited from that.

We can also accept that Bitcoin is not perfect. And those who think Bitcoin is imperfect will probably regret it when they see Bitcoin will become more and more popular in the future. They will not be able to follow Bitcoin's journey, especially if they still think negatively about Bitcoin.

They should try to accept Bitcoin as it is. And they can also take advantage of the benefits that Bitcoin brings to them. After they get the benefits from Bitcoin, they can judge whether Bitcoin is imperfect or whether Bitcoin is perfect after they get the benefits from Bitcoin.

Bitcoin's perfection - or lack thereof - is intriguing. However, 'perfection' is subjective, especially in financial instruments. Bitcoin's value is defying norms and changing currency value, not perfection. Bitcoin's flaws are often criticized due to ignorance or fear. Missing the forest for the trees. Bitcoin's volatility, decentralization, and developing technology are its strengths. These are traits that challenge financial system status quo, not weaknesses.

Sceptical and cautious observers are missing a fundamental shift in value and exchange perception. Bitcoin represents a movement toward financial democratization and against centralized authority. Not seeing Bitcoin's influence beyond profit and loss will be regrettable. The evolution of Bitcoin is about financial sovereignty, not just price appreciation.

[Silberman]

Bitcoin's perfection - or lack thereof - is intriguing. However, 'perfection' is subjective, especially in financial instruments. Bitcoin's value is defying norms and changing currency value, not perfection. Bitcoin's flaws are often criticized due to ignorance or fear. Missing the forest for the trees. Bitcoin's volatility, decentralization, and developing technology are its strengths. These are traits that challenge financial system status quo, not weaknesses.

Sceptical and cautious observers are missing a fundamental shift in value and exchange perception. Bitcoin represents a movement toward financial democratization and against centralized authority. Not seeing Bitcoin's influence beyond profit and loss will be regrettable. The evolution of Bitcoin is about financial sovereignty, not just price appreciation.

To begin with there is no such thing as perfection as if we were to ask people about what their perfect currency will look like we will find conflicting answers, bitcoin has a set of characteristics that makes it especially suitable for the objectives Satoshi wanted to accomplish, however since governments and banks have other objectives on mind, it should be obvious they find flaws in bitcoin for what they want to achieve, and they want to regulate it so people have to comply with their rules.

[Ben Barubal]

  Nothing is perfect in anything, so whether it is perfect or not, the important thing is that Bitcoin has helped a lot of people during its 14 years of existence in this industry field.

  Doubts about Bitcoin will not go away, and this is normal in my opinion, because the more negative that is said heropinionsure, it is impossible that there is no positive that is also given to anyone who trusts and believes in Bitcoin as well.

[Casdinyard]

It’s not just about it being a very flawed and at times clunky invention, it’s about how so many people puts bitcoin at its extremes without understanding how it actually could ruin the reputation of this cryptocurrency. We see people on one end of the spectrum, fanaticizing bitcoin, acting as if it’s the second coming of Jesus Christ when it has been nothing but a good store of value and a payment/remittance system for millions of people. This paints the impression that bitcoin is great and there’s no downsides to it, which fools unwitting newbies into investing despite the risks and drawbacks.

On the other hand we see people supposing bitcoin as yet another ponzi scheme whwn it has proven itself time and time again that it was not. They spread FUD and negativity all cause they couldn’t land a sweet deal in the crypto world lol. These types of people are those that really affect bitcoin for the worst in my opinion. Not thebhigh fees, not the inherent flaws that come with this currency, not anything.

[ChiBitCTy]

I think the important thing to remember is that Rome wasn’t built over night. We all know this saying. This certainly applies to anything out there , as great things most often take time to iron out, so to speak. The great thing about Bitcoin and its blockchain is that they are programmable, therefore they will forever be made better, more up to date, etc.

[Patrol69]

You will find not only positive side of anything but also negative side of everything. We use mobile phones but these mobile phones are harmful to us and our environment but still we use these mobile phones for the good aspects of mobile phones. If we try to find the negative side and positive side of Bitcoin, then I think that the positive side will be much more than the negative side of Bitcoin, so we have to use Bitcoin carefully by thinking about the negative side. Not everything is positive for you, some things have to be positive. If you start thinking negatively about something before using it, then you will never be able to use that thing properly. Acknowledging that there are some negatives, you have to give more weight to the positives, only then will you feel more comfortable using the item.

[oktana]

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.

It depends on who. What is not perfect to you may be perfect to someone else. Irreversibility can be a feature, you may not see this until you can relate how it favored you.

"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.

Exactly! I do not see why you mention this too because it isn't tied to Bitcoin. As you said, these evil acts existed before the creation of Bitcoin, hence it isn't about Bitcoin but about us humans. And considering that anyone can use Bitcoin, we expect that different people with different opinions and intentions will use it differently, like anyone can use a penknife for good or for bad.

[Alpha Marine]

Bank transactions are not irreversible. Have you never received a refund?

A bank can revert your transactions.  They can also retain it until they verify if it is "clean" or not. They can revert and even give you a negative balance. Those things are not possible with bitcoin. 

In my account, if I want to send money to an account I've never sent money to before my bank will give me a pop-up message telling me to make sure the details are correct because the transaction cannot be reversed.
I've only ever received a refund when there was a failed transaction. If I make a transfer and the beneficiary account didn't receive the money sent, but I was debited then I can receive a refund, but once that money has been successfully transferred to the beneficiary account you can't get a refund.

I don't know how things are where you're from but where I'm from if you mistakingly send money to the wrong account, you can't get it back unless the owner of the account transfers it back. I have not heard of any case where somebody reports this kind of case to the bank and the bank just withdraws the money and sends it back without the consent of the owner of the account.
Most times people return these kinds of money because they'll be easy to track since the bank has all your information.

It depends on who. What is not perfect to you may be perfect to someone else. Irreversibility can be a feature, you may not see this until you can relate how it favored you.

If a thing was perfect then it would be perfect for everybody and in all areas. It would have no disadvantages or weaknesses of any form. It is based on this that I say there is nothing that is completely perfect in this life.

[mirakal]

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.

The question is where are those people now that have thrown rubbish words to bitcoin? Aren't they surprised why bitcoin has flourished more and become more hyped despite of their negative criticism? This just proves that not all people say against bitcoin are certainly true and correct. The reason why we should not easily believe on whatever people say, otherwise we should learn to validate them through doing personal research.

Bitcoin may has its own flaws and so is fiat and the rest of people's innovations, but for bitcoin who is known for high volatility and decentralized, I don't think we should consider them as barriers but definitely the greatest factors of bitcoin that made it unique from other currency and the reasons why bitcoin has reached its current place and position despite of its flaws.

[CageMabok]

  Nothing is perfect in anything, so whether it is perfect or not, the important thing is that Bitcoin has helped a lot of people during its 14 years of existence in this industry field.

  Doubts about Bitcoin will not go away, and this is normal in my opinion, because the more negative that is said heropinionsure, it is impossible that there is no positive that is also given to anyone who trusts and believes in Bitcoin as well.

That much time has actually been enough for everyone to see the evidence clearly on Bitcoin, which means there is no longer any need to doubt it because there are many people who have experienced extraordinary profits through Bitcoin from time to time. And the people who are still skeptical about Bitcoin are the ones who will ultimately regret having had an opportunity that they didn't take advantage of for themselves. So just forget about people like that now.