Does it? Bitcoin was supposed to be a currency, and it was supposed to be distributed. I hear it started pretty well, but we eventually ended up with pathologic

Does it? Bitcoin was supposed to be a currency, and it was supposed to be distributed. I hear it started pretty well, but we eventually ended up with pathologically concentrated mining power (a relatively low number of players create all the Bitcoins), and an exchange structure closer to a pyramid scheme / speculative bubble / value store than an actual currency. And don't get me started on the ludicrous costs in energy and silicon. As far as I can tell the experiment failed, and we should shut it down before it does even more harm than it already has.