concerns on the bitcoin system: isn't it TOO perfect?

[PenAndPaper]

Human error caused a fork several months ago via an incompatible wallet upgrade.

No Government on earth will adopt Bitcoin so as long Satoshi has control of his pre-mined. Thanx for the prototype.

NOW THIS is what worries me the most.  HOW can we expect any government to say "fine... lets all usebitcoins" when just ONE PERSON controls 1/6th of all coins, and he's an anonymous kinda person that the government can't "find".  It's sad that he has to have that many bitcoins.  

Why do you care what governments say regarding bitcoin? Bitcoin doesn't care. Bitcoin doesn't give a shit.

Also, Satoshi does not hold 1/6th. Probably 5% at best.

The congress hearing was a big thing in the bitcoin community, so i guess bitcoin cares about regulation and not necessarily adoption from governments.

[jarhed]

Human error caused a fork several months ago via an incompatible wallet upgrade.

No Government on earth will adopt Bitcoin so as long Satoshi has control of his pre-mined. Thanx for the prototype.

NOW THIS is what worries me the most.  HOW can we expect any government to say "fine... lets all usebitcoins" when just ONE PERSON controls 1/6th of all coins, and he's an anonymous kinda person that the government can't "find".  It's sad that he has to have that many bitcoins.  

Why do you care what governments say regarding bitcoin? Bitcoin doesn't care. Bitcoin doesn't give a shit.

Also, Satoshi does not hold 1/6th. Probably 5% at best.

Well, wouldn't it be TOO perfect if Iceland adopts Bitcoin as national currency? Yea!......not with [insert entity here] personal pre-mined stash. Just the same, Iceland may one day go crypto-currency, a blockchain maintained by a single State or Union.

[jdbtracker]

Well, wouldn't it be TOO perfect if Iceland adopts Bitcoin as national currency? Yea!......not with [insert entity here] personal pre-mined stash. Just the same, Iceland may one day go crypto-currency, a blockchain maintained by a single State or Union.

Yeah, each country with their own flavour of currency, specifically designed for their economic needs.

[niothor]

Human error caused a fork several months ago via an incompatible wallet upgrade.

No Government on earth will adopt Bitcoin so as long Satoshi has control of his pre-mined. Thanx for the prototype.

NOW THIS is what worries me the most.  HOW can we expect any government to say "fine... lets all usebitcoins" when just ONE PERSON controls 1/6th of all coins, and he's an anonymous kinda person that the government can't "find".  It's sad that he has to have that many bitcoins.  

Why do you care what governments say regarding bitcoin? Bitcoin doesn't care. Bitcoin doesn't give a shit.

Also, Satoshi does not hold 1/6th. Probably 5% at best.

Well, wouldn't it be TOO perfect if Iceland adopts Bitcoin as national currency? Yea!......not with [insert entity here] personal pre-mined stash. Just the same, Iceland may one day go crypto-currency, a blockchain maintained by a single State or Union.

I don't like that part , smells like centralized cryptocrap to me.

[jarhed]

Human error caused a fork several months ago via an incompatible wallet upgrade.

No Government on earth will adopt Bitcoin so as long Satoshi has control of his pre-mined. Thanx for the prototype.

NOW THIS is what worries me the most.  HOW can we expect any government to say "fine... lets all usebitcoins" when just ONE PERSON controls 1/6th of all coins, and he's an anonymous kinda person that the government can't "find".  It's sad that he has to have that many bitcoins.  

Why do you care what governments say regarding bitcoin? Bitcoin doesn't care. Bitcoin doesn't give a shit.

Also, Satoshi does not hold 1/6th. Probably 5% at best.

Well, wouldn't it be TOO perfect if Iceland adopts Bitcoin as national currency? Yea!......not with [insert entity here] personal pre-mined stash. Just the same, Iceland may one day go crypto-currency, a blockchain maintained by a single State or Union.

I don't like that part , smells like centralized cryptocrap to me.

Bitcoin will always be Bitcoin regardless of whatever country switching to a Crypto-currency and I seriously doubt any country or union would expose their Blockchain to State manipulation or allow any random Joe-blow to mine their blocks.

[Alpaca Bob]

If Iceland goes crypto, I would still be able to use their coins, right? The internet doesn't really know any boarders. So yeah, they could introduce their own crypto, and see if it catches on. Just like everybody else.

[DeathAndTaxes]

Bitcoin will always be Bitcoin regardless of whatever country switching to a Crypto-currency and I seriously doubt any country or union would expose their Blockchain to State manipulation or allow any random Joe-blow to mine their blocks.

Then there is no need for a blockchain.  The blockchain is the very expensive cost of having a decentralized network.  There is no point to a centralized decentralized network with no of the benefits of decentralization and all of the costs.

State digital fiat money already exists.  Take your existing bank accounts, add the ability for users to send funds directly to each other, eliminate cash.  Done.  No mining is even necessary.