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The problem with the Bitcoin "ecosystem" is simply that the people in that ecosystem are the same people who have been attracted to Bitcoin: speculators, opport
by debacle 12y ago
The problem with the Bitcoin "ecosystem" is simply that the people in that ecosystem are the same people who have been attracted to Bitcoin: speculators, opportunists, and wide-eyed idiots.
The biggest problem of Bitcoin is that the problem it solves is not the problem fiat currencies need solving. Bitcoin has no real competitive advantage over traditional currencies, and many drawbacks.
- Rmilb 12y agoI would disagree that it has no competitive advantages. For people in Venezuela and other places where the state has failed to control inflation, Bitcoin allows people to escape capital controls(Think China). Of course there are still many drawbacks, but there are competitive advantages over 'some' currencies.