As long as we have central banks, #Bitcoin will never be a widespread medium of exchange. I also seriously doubt the reliable store of value.https://twitter.com/MustStopMurad/status/1022169639386836992 …
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China banned ICOs and Bitcoin price went up that same week. That's my point - Major central banks are unlikely to band together. Look at already the currency wars already happening today. Everyone has their own selfish interests. And if BTC works, they will buy it.
With the limitations of expandability (aka too massive energy consumption if brought to tradable size) I think that bitcoin stands a little chance of making it to the big boys league. The fed is already dumping 40bil a month in QT, I'd say that's the big boys league.
Oh, look, a $GOLD bug playing protection game for his antiquated pet rock.pic.twitter.com/uX7Mz3gtlH
Did you like your own tweet? Also, Gold is 12,000+ years old, BTC only 9. give it another decade
Like I said, I have nothing personal against Bitcoin. Realistically I just don't see the big picture bitcoin folks are seeing. I'm planning to live way more than 10 years and so I'm looking forward to seeing the monetary playground of that time. Retweeted, common practice.
I think it's inevitable. It's just better money. A better product. You can only hold off free markets and true demand for so long. And Bitcoin's digital and leaderless nature makes it much much less prone to seizure and control.pic.twitter.com/5Hliv3Fnun
Everyones opinion fits in this world. Better than fiat, yes. Better than gold, remains to be seen. I'm used to this. I adressed some real issues in those tweet before which were never countered. Security and energy issues are just the tip of the iceberg imo.
I don't consider energy a problem. The energy "waste" is precisely what makes the blockchain unalterable and censorship-resistant. With regards to your concerns re: miner centralization, I'd point you to here:https://bravenewcoin.com/news/the-mirage-of-miner-centralization/ …
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