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Ask HN: Why do so many HN commentators speak of Bitcoin as a failure?
- wu-ikkyu 9y agoBTC is primarily used as a speculative asset pinned to fiat currency ($) rather than a viable medium of exchange. So it's value is intimately dependent on the very thing it sought to obsolesce. BTC also was supposed to eliminate the malevolent influence of adversarial third parties (central banks) and yet BTC remains vulnerable to centralized mining pool attacks and centralized exchanges.