I think its high time we recognize bitcoin for the failure it is. I mean it was created ostensibly as a response to the perceived instability of reserve banking

I think its high time we recognize bitcoin for the failure it is. I mean it was created ostensibly as a response to the perceived instability of reserve banking such as the fed. But it is far more unstable. There are many reasons for Bitcoin to be as unstable as it, including but not limited to, the fact that it is not a currency but a commodity, it lacks liquidity, its fungibilty is a huge problem, and the concept of PoW is incredibly flawed. The only thing keeping the experiment running is the village people who are afraid to admit they aren't as pure in their libertarian ideology if they admit that the emperor is fucking naked.