One big argument against BTC is that about 20% of the coins are unrecoverable. More than likely they are sitting in wallets on a computer somewhere or the harddrive has been destroyed.
The other interesting aspect of the argument is the cost to business of accepting credit cards, or any other form of payment.
Right now credit cards are around 2.5% in Canada if you get good rates. Can blockchain technology lower that? Can BTC lower that? We are heading that direction, which is great.
I think some people need to sit back and watch it happen. Is BTC going to be the best crypto currency? Who knows. It has some positives and negatives. Most people pumping its tires are probably sitting on quite a few and it benefits them if they price sky rockets.
But the bigger idea at play here is a more decentralized currency system, block chain technology, and lower cost to the consumer and emerging countries to do business.
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