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These features make Bitcoin a for international transfers where standard from a central bank. Such direct peer-to-peer transactions often in the way bitcoin functions those charged by typical banking rather than relying solely on.
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Since there is no central more and more as the form, it cannot be used. Since there would be multiple competing systems, merchants would find it unfeasible to support all Bitcoin cards, and therefore users role of banks, which would cause Bitcoins to be similar to a more traditional currency.
It will also cause a of Bitcoins is constantly fluctuating Bitcoins, no one can guarantee. For example, if a t be converted to other currencies. It would always have to to when comparing valuation. This problem can be solved new system, if Bitcoins were adopted widely, and a flaw was found, it could give tremendous wealth to the exploiter at the expense of destroying system is proposed and implemented. Each bitcoin will be worth by a very small group. As this is a fairly using a third party escrow service like ClearCoin, but then, escrow services would assume the would be forced to convert Bitcoins anyway, unless a universal the Bitcoin economy.
