Do you trust Bitcoin?

+4 Jonah Morrison · September 23, 2014
I'm not sure if I trust Bitcoin or any other crypto currency... yet...

What are your thoughts on this? It seems like it is to easy to fail. At least with cash you have something tangible. With Bitcoin there is nothing to show for it.

Here's my biggest issue: What happens when the public/private key encryption gets hacked. Its only a matter of time. We have seen it happen with practically every form of encryption.

Lastly, if you require other computers on the network to verify the transaction what happens when there needs to be a software update for this? Frankly who would come up with the update? To me it just seems like Bitcoin is bound to fail.

I talked to this guy at a social gathering and he is obsessed with it. He thinks its the greatest thing to ever be on this earth... haha... This started to make we wonder.

Maybe I just don't understand how the system works. Or maybe its flawed.

Cheers!

Post a Reply

Replies

- page 2
Oldest  Newest  Rating
0 Alex Micharski · April 12, 2017
Bitcoin can be taken advantage of. People can reverse engineer it and make themselves billionaires.
0 lucy andersnon · April 23, 2017
Our writing service is focused on to help students with college essay writing and to carry out the whole process of writing complicated research papers and
<a href="http://dissertationproposalwritingservice.com">dissertation help</a>

.
0 christopher noah · April 23, 2017
The future is about the digital currency, and I think it is necessary... But would government give credentials to it...
0 tina lloyd · April 23, 2017
Thanks for sharing wonderful information.
0 tina lloyd · April 23, 2017
Thanks for sharing wonderful information.
  • 1
  • 2

Bitcoin

124,303 followers
About

Discuss, learn, and share stories about Bitcoin, the worlds most popular digital currency.

Links
Moderators
Bucky Roberts Administrator