1. Txn fees are completely unrelated to miner activity. They are simply demand vs supply (7/sec). 2. The ledger grows at a rate that's lower than the value dec

1. Txn fees are completely unrelated to miner activity. They are simply demand vs supply (7/sec). 2. The ledger grows at a rate that's lower than the value decrease of storage. Effect increases over time.. 3. Miners are incentivized to not collect around cheap sources of energy. As more collect, the energy becomes more expensive due to supply and demand and mining becomes unprofitable. So miners are geographically repelled from each other. 4. Bitcoins primary application is as a savings technology (not sure what crime and fraud you're talking about) and is not regulatable, nor does it need to be. The T&Cs are defined in code. How on earth have you rationalised bitcoin going to 0 since 2013? And that it is failing? Sounds like a twisted cope mechanism to protect your ego - you couldn't be more wrong if you tried. What Satoshi envisioned for bitcoin and the way that might happen is simply that - a vision, an idea - and has no effect on how the free market uses bitcoin. He could have thought it would be used to keep track of ships in the sea - it makes no difference.