WITHOUT SOLVING THIS FACTOR BITCOIN CAN NEVAR REPLACE FIAT CURRENCY.
We all went that cryptocurrencies should replace fiat currency because it has many good features which I agiary but at the same time its many drawbacks. So the most important drawback what I think is that hacking and cyber crimes . just think once big exchanges were hacked so many times and billions of dollars got stolen and if bitcoin replace fiat currency then all money is on that exchange that means all your money can be hack at any point of time.
That’s why because the majority of people are afraid of crypto-currency as we always see that EVERY TIME ANY EXCHANGE GOT HACKED PRICE DOWN because people got scared as long as people have this fear in there brain regarding cryptocurrencies it can never replace fiat currency.
So think as so many companies raising money through ICOs for some brilliant projects for bringing while world into the internet. Someone should think about making the internet a fully safe place so that our future will be safe as well.
And once this problem will get solve then price of cryptocurrencies will break all the record because people will not afraid to keep their money on any exchange and all that big company or investment firms which are not putting their feet in cryptocurrency market will then step into the market then we all imagine what can happen.
So guys this a simple thought that came into my mind so shared with you.
Please comment on what your opinion on this topic.
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