Reader Comments

Centobot

by Daisy Pricilla (2019-02-01)


Bitcoins are not issued by any central bank or government Centobot Review so there is no accountability whatsoever. If you are dealing with Dollars,Euros or Pounds you have the assurance that the government behind it will honor the debt while Bitcoins do not provide any guarantees at all. The fact that no one truly knows who made this currency so there is no way of knowing whether it could be stolen right from under our eyes. These Bitcoins are stored inside a digital wallet that can be encrypted on your computer. While this should provide a sense of security if your computer is lost your Bitcoins are gone as well. It is not like a credit card where you can get a replacement and carry on like nothing has happened. While the security of this currency is a concern by far the biggest worry is the value of it. The perceived value of a Bitcoin can change in a moment and unlike fiat currencies that are backed by hard assets owned by a country if a Bitcoin value drops you have nothing of value at all.

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