jonspock
Padawan Learner
Yes, now that we've had a few years to see Bitcoin in action, it seems that
a) it's a non-productive use (waste) of resources to create this money
b) although coming up with a scheme that doesn't have the inflationary impact of fiat money may have made sense, the way it was done heavily rewards the early adopters/creaters/investors to the detriment of the system as a whole
c) the anonymity factor is not really there
Overall it seems like Bitcoin is not going to be able to really serve us well and hopefully it will fall apart because of that
a) it's a non-productive use (waste) of resources to create this money
b) although coming up with a scheme that doesn't have the inflationary impact of fiat money may have made sense, the way it was done heavily rewards the early adopters/creaters/investors to the detriment of the system as a whole
c) the anonymity factor is not really there
Overall it seems like Bitcoin is not going to be able to really serve us well and hopefully it will fall apart because of that