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RE: Can digital currencies really replace traditional money?

in #bitcoin7 years ago

Cryptocurrency security (or let's say retrieval) technology is still at its weakest.

Had a friend that list over $5000 worth of bitcoin to a forex trader. The guy helped him trade, brought back profits, my friend reinvested more and when he did, the trader eloped with the money and suddenly went incognito.

Now if it were raw cash, you would have proofs and probably trace the money and retrieve it.

Most crypto platforms are decentralized where you really do not have to out your ID or even give a fake ID and you won't get caught.

Fine! Its a fast way of making payments but honestly its so unsecured.

And nobody would want to put his or her hard earned money into something or somewhere that's unsecured.

So. I really do not see crypto taking over.

At least not now..

Thanks for sharing @amiramnoam and thanks @yoo1900 for supporting

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