I only read the first page so if something I say has already been addressed or is redundant forgive me for not going back through the whole thread. I have seen the writing on the wall BTC is a HUGE success that is doomed to failure. What does that mean? Well look back through history. Most of the best things we have today were brought here by failures. The Olds Motor Vehicle Company long term was a failed company but the assembly line improved our lives immeasurably, Nobody uses AOL any more but we all use an instant messenger, MySpace is all but gone but we all use social networks, and nobody trades in beads, seashells or salt anymore but we all use money. Bitcoin WILL FAIL. This is real disapointing to me since as a Libertarian electrical engineer this idea of Bitcoin really appealed to me philosophically and peaked my interest as a student and designer of systems. The network is unsustainable, the trust is unsustainable once any pool gets too big (this is coming sooner than you think), the blockchain bloat is unsustainable, and the transaction time was never sustainable as a long term solution, NEVER. However I say this with peace and love because the Blockchain WILL LIVE ON. It is a beautiful system that may (and I think it will) bring us decentralized currency one day as well as a whole host of other tools. I personally am in the process of selling my holdings and I am moving on to NODEcoin or maybe a better option if I find it. This house of cards is tumbling down and it is time to jump ship. This is not just me talking either many others are saying it, one of the most surprising ones lately was the
Cato institute. They have every reason to want this thing to work, as do I, but the data is what the data is. Maybe I too will eat "humble pie" and kick myself for selling, time will tell. With all that said if you still browse these forums thank you Satoshi Nakamoto. You have changed the worlds in ways nobody even realizes yet.
For those who will froth at the mouth and say that I am all FUD I will leave you with this last thought. As I said earlier I am in the process of selling my holdings, I have not done it yet as all of my sell orders have not been hit yet. I have every reason to want this thing to surge in the near future. FUD is not the way to do that. I am saying this as a member of the community trying to be the voice of reason. Not as a troll and not as a FUDer. I am willing to entertain reasonable dialogue on this topic and discuss reasonable questions but for those who would only seek to attack me for an opinion of decent I have this to say
"It seems like you’re inclined to assume everything is wrong more than is actually so." ~Satoshi Nakamoto~
