- ninjamine by small group without much public -> very bad distribution
Anything innovative will have early adopters, including
any publicly trading company. Still, I think Bitcoin
has better distribution than any altcoin, especially
since high block subsidies are being given for years.
The fact that price is low today ($240) compared
to last year, gives plenty of people the opportunity
to get on board.
- huge satoshi wallet hanging like black cloud over the market
I trust the grandfather of cryptocurrency. Even if he
dumps, it will only crash the price, not the technology.
- 10 minute blocktimes - slowest transactions in crypto!
You are making the noobish mistake of conflating transaction
time for confirmation time. Transactions are near instant.
Most real world point of sale transactions need zero confirmations.
Double spend attempts can be mitigated by probing the mempool
for various nodes.
- high inflation
You can't have it both ways...You can't complain that the
early adopters got all the coins and then in the next
breath complain that too many coins are still being given
away.
Anyway, the inflation isn't that high -- 10% annual,
until it drops to 5% in 2016, then 2.5% in 2020 etc.
- no fast difficulty retarget
That is done on purpose for security reasons.
see here:
https://download.wpsoftware.net/bitcoin/alts.pdf- market infested with shortsellers and heavy manipulated
Let people short sell if they want. Don't care.
- hype died off, promises broken (no exponential hype growth)
Promises? Who said Bitcoin was a get rich quick scheme?
- expensive transactionfees
I usually send for no fee or a fraction
of a penny.
- shitty brand, shitty logo
It's the best brand.
Logo is pedestrian, but don't care.
- already very expensive but unable to hold its value (less potential gains compared to smaller caps, a lot downside)
Well, that's your opinion, and perfectly valid,
but I disagree. I think it has potential to
increase 100x in the next 10 years.
- extra volatile thanks to all the dumpfest from miners and the manipulation
Bigger market cap makes it more stable than any alt.
- more and more centralised
Don't see that. GHash is only at 9% now.
https://blockchain.info/pools- a foundation nobody wants
Obviously some people want it
or they wouldn't keep paying
to support them. I really
don't care.
- whoring for big money and loosing its original ethical values rapidly
Who is? What ethical values? Non point here. Don't care.
- dev befriending three letter agencies
Besides Gavin agreeing to see the CIA
to answer questions, what other
evidence do you have of this?
Don't care.
- no real innovation, only innovative in the field of holding down competition
Bitcoin is THE innovator...plus look at all the BIPs.
- completely hype-driven
You love having it both ways, don't you...
You were just complaining all the hype is gone.
- bad reputation from early history (drugs, guns, childporn, darkweb ...)
Can't help what the media does... Don't care.
- inefficient with lots hashpower
Naive comment.
In proof of work, Marginal Cost = Marginal Revenue.
see this:
http://www.truthcoin.info/blog/pow-and-mining/- huge blockchain uses a lot of HD
Ok...so it does.
Nice try, FUDSTER...this isn't the transaction fee.
This chart represents "miners revenue divided by the number of transactions"
