This isn't a matter of understanding a "situation" it is a matter of understanding technology. Cryptocurrencies do work in general on a technical level. They h

This isn't a matter of understanding a "situation" it is a matter of understanding technology. Cryptocurrencies do work in general on a technical level. They have unique properties of ideal money that separate them from other forms of money and that makes them valuable is a very broad sense. Bitcoin crippled itself intentionally to keep its throughput at a few transactions per second for the entire world and less data than a 240p youtube video. > There are tradeoffs to increasing the block size/rate. This is what people say when they haven't looked at real numbers and are just repeating propaganda. Users don't need to sync with the blockchain. Average transaction fees were $28 a few days ago while the entire bitcoin blockchain takes up $6 of hard drive space. The average blocksize is less than 900KB. 900KB every 10 minutes. That's 1.5KB/s. That's dial up speed. www.reddit.com would take 36 minutes to load at that speed. > If the market overwhelmingly believed that Bitcoin was doing it wrong then they could easily move to one of those other coins "The market" is detached from technology. No one is really using bitcoin or taking their balance out of exchanges with $28 transaction fees. They are moving to other coins, that is absolutely what has happened as a result. > Maybe Bitcoin does have it wrong, but I don't think it's obvious like you are implying. It's pretty obvious with grade school math.