Will it ever be adopted by the masses? Time will tell 🙂
Pros:
- No central authority
- Highly secure
- Anonymous form of currency
- Fixed amount of bitcoin that can ever exist
- Impossible to counterfeit
- Can be transferred around the world in an instant without high transaction fees
- Cannot be frozen or confiscated
- Easy to accept form of payment for online shops
Cons:
- Perfect media for facilitating illegal transactions
- Like cash if you lose a bitcoin it’s probably gone forever
- Most major online retailer do not accept them