Disadvantages of Bitcoin and what are its problems



Encryption: The encryption of currency and secrecy on the method of generating bitcoin through complicated equations makes it an easy path for many suspicious operations. Bitcoin is not subject to control by anyone and thus many outlaws found refuge in the use of bitcoin in illegal operations such as terrorist financing, money laundering, arms trade And drugs, too.

Currency price fluctuations: Bitcoin is not based on any fair assets or valuations that can be relied upon in anticipating the rise or fall of this currency, and Bitcoin and other digital currencies are witnessing large fluctuations in terms of price. After the price of one bitcoin reached 20 thousand dollars, the currency price fell in half Almost right now, maybe even less than half.

Mining: Doubts about the mining process have arrived, as no one knows what equations the device is solving, causing some to suspect that there is an organization working in secret to solve equations that may need hundreds of years in a short time about the way to divide the equations on servers but they remain just doubts.

The identity of its inventor: The identity of Satoshi Nakamoto is unknown, no one knows if it is a man or a woman, or a group of people, just as we do not know how much this character possesses of coins. If a country hides behind this character and owns the largest share of it, then this will cause centers to change Powers on the map.

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