Experts from various fields of technology as described bitcoin as a worst technology in history
Bitcoin consumes more energy per transaction than any other technique known to mankind, so it's not good for the environment.
Calculate the true cost of bitcoin cryptocurrency in terms of energy. The researchers discovered that bitcoin mining consumes more energy per year (130.00 terrawatt hours [TWh]) than the entire country of Argentina (125.03 TWh).
This enormous energy consumption by bitcoin mining have raised a lot of concern over the years
While gold has shown time and time again that it is a resilient form of money, the price of Bitcoin saw the biggest single crash in its history at the beginning of the year. Blockchain-based cryptocurrencies like Bitcoin are volatile, and they lack the necessary components to scale as a global currency and payments platform. The way in which blockchain was designed will ensure it remains so.
Blockchain technology lacks fundamental regulatory guidance and therefore poses a number of risks to crypto holders. Bitcoin was intended to be transparent and decentralized, but as it has grown, the core framework has been augmented with retrofitted capabilities like off-chain transactions — where deals cannot be publicly tracked and don’t actually write transactions to the public ledger when they are made.
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