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The Lounge
General Discussion
The Economic Limits of Bitcoin and the Blockchain
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[QUOTE="kimberlywoods, post: 6012975"] Besides electricity issues, there are even more cons. Bitcoin provides no byers protection and your wallet can just be stolen. My friend from work experienced this. If a hard drive crashes, or a virus corrupts data , and the wallet file is corrupted, Bitcoins have essentially been “lost”. There is nothing that can done to recover it. These coins will be forever orphaned in the system. This can bankrupt a wealthy Bitcoin investor within seconds with no way form of recovery. The coins the investor owned will also be permanently orphaned. [/QUOTE]
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Forums
The Lounge
General Discussion
The Economic Limits of Bitcoin and the Blockchain
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