- the concept of bitcoin is supposed to be a decentralized digital currency, because it has been used on the dark web and black market do to it's pseudonymous lack of traceability, and is a direct competitor with any countries centralized currency. My big fear is that these countries will make bitcoin illegal, that means you won't be able to use them anywhere but the black market and dark web.
and
- if the bitcoin block chain crypto currency is so great,why are there so many competitors?. My big fear is at least one of these, being created by human beings, have added a back door into their currency, or that in some other way will be able to clean out your account.Holding sites (of which steemit essentially is) have in the past, just one day shut down shop and disappeared with hundreds of millions in bitcoins.
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