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skypiliot

7,948 Posts.

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23/01/18

07:53

Post #: 30485932
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Originally posted by Funky90 ↑

If your an accountant, then you should already be aware of these major flaws ?
1) you cant print more money when required, there will be no bail outs, or emergancy funding in times of war
2) there is too small amount of coins for everyone to use
3) if your locked out your account no one can get you access back, your money is lost forever
4) if your are defrauded of your funds via scammers on ebay, there is no reversing the transaction of your stolen money
5) You cant buy anything with bitcoin, no one excepts it, at best a very tiny handfull provide a service to convert your bitcoin to dollars at time of sale, but they are keeping dollars not your bitcoins.
6) The price is not realistic, money needs to be stable with at most 3% P.A change, not have 90% and 50% plunges every couple years where everyone becomes poor.
7) bitcoin transaction processing is flawed, it uses billions of dollars of video cards to just handl a handful of transactions per second, vs real banking which do thoushands of transactions per second with small number of servers
8) No government will allow an outsider to control their money, or use a system you cant support / make adjustments.
9) we saw what happened to the euro when they tried to create a single money system accross their coutnrys.

i could go on?

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If you want a physical good for your satoshi try overstock.com

Last edited by skypiliot: 23/01/18
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If you want a physical good for your satoshi try overstock.com

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This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

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If you want a physical good for your satoshi try overstock.com

Top Stories

Breaking news: New opportunities for investors & companies - HotCopper opens to capital raising!

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

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