Security Threats (e.g., 51% Attack)
By: admin
security
Criticism: If a group controls more than 50% of the mining power, it could manipulate the Bitcoin network.
Top Counterargument:
Continual Security Improvements: As the network grows, it becomes more secure, and innovations in mining technology further decentralize hash power.
Association with Illicit Activities
By: admin
security
Criticism: Bitcoin is often used for money laundering, drug trafficking, and other illegal activities.
Top Counterargument:
Legitimate Use Cases: The majority of Bitcoin transactions are now for legal, legitimate purposes, particularly in countries with unstable currencies.