[varyouga]

Bitcoins can even be “stored” within your memory. The lack of control terrifies financial authorities and law enforcement:

-No central authority or bank is required. Therefore they cannot control, inflate or skim the money supply.

-NOBODY has the power to seize your bitcoin and it can be anonymously retrieved by anyone in the world who has your key.

-Unlike banks, bitcoin cannot be touched without somehow extracting the key from your mind. Nobody will even know how much money you have.

[E. Pluribus Unum]

-Unlike banks, bitcoin cannot be touched without somehow extracting the key from your mind

[Errant]

The lack of control terrifies financial authorities and law enforcement:

There will be much turmoil and gnashing of teeth, but if civilization remains, this new crytocurreny technology will be a part of it.

[Valpal1]

In spite of those great points, it still appears the biggest con is the lack of security from hackers.

It’s not going to be widely adopted if it’s not secure. Especially if it goes poof in ways that the average joe cannot easily understand and take precautions against.

[UCANSEE2]

-Unlike banks, bitcoin cannot be touched without somehow extracting the key from your mind. Nobody will even know how much money you have.

Au contraire, my FRiend.

"Mt. Gox, once the world's biggest bitcoin exchange, filed for bankruptcy protection in Japan on Friday, saying it may have lost nearly half a billion dollars worth of the virtual coins due to hacking into its faulty computer system."

Mt. Gox files for bankruptcy, blames hackers for losses