Will it ever be adopted by the masses? Time will tell 🙂

Pros:

1. No central authority
2. Highly secure
3. Anonymous form of currency
4. Fixed amount of bitcoin that can ever exist
5. Impossible to counterfeit
6. Can be transferred around the world in an instant without high transaction fees
7. Cannot be frozen or confiscated
8. Easy to accept form of payment for online shops

Cons:

1. Perfect media for facilitating illegal transactions
2. Like cash if you lose a bitcoin it’s probably gone forever
3. Most major online retailer do not accept them