Bitcoin Pros and Cons



  • Pro: Ability to distance ourselves from banks - I think that Bitcoin's biggest advantage is that it allows people to stop using bank accounts and to be their own bank. With Bitcoin you don't have to pay anyone to hold your money.

    Con: Volatility - Volatility is still too big for Bitcoin to become what Satoshi wanted - a peer-to-peer electronic cash. No shop will accept Bitcoin in a way that Satoshi imagined. Those who accepts it has to convert it to fiat.

    What other pros and cons does bitcoin have?



  • To be honest, right now Bitcoin is the best store of value (pro); but it's still taking a long while to be adopted in the mainstream (con)


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