One of the biggest advantages and disadvantages in crypto
There are so many promises from cryptocurrency.
Dated back in 2014, one of the promises of Bitcoin is to become a future payment system.
You may question the advantage of using Bitcoin as the payment system rather than using said Paypal?
Bitcoin isn’t the fast transaction alternative, and transaction fees aren’t that cheap if you include all the mining energy of running the entire nodes.
Bitcoin has not reached anonymous and is not truly a trustless blockchain network.
Bitcoin is not decentralized but a decentralized like centralized system.
In the early stage after Bitcoin was released in 2009, there were only 6 major miners to control the entire system.
Bitcoin is not decentralized as many people believe.
And Bitcoin is traceable in many aspects and easily be determined through big data collections.
Making Bitcoin decentralized is pushing miners to become more decentralized, which is impossible.
