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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (169223)	3/6/2021 3:21:13 AM
From: Maurice Winn	Read Replies (2) \| Respond to of 217661

Satoshi made a reasonable effort, but bitcoin is defective in that it's inefficiently full of irrelevant data, costs a lot to do a transaction, takes too long, is increasingly concentrated on a few large power-station sized mining operation centres which can be attcked, insecure in that people lose their secret codes, which can also be stolen, hacked or otherwise obtained. "Gimme your code or the kid gets it." And the main advantage of money like lingua franca english is that it's one giant network effect not requiring conversion to other money or translation to another language. Having swarms of block chains and other money systems is hopeless. If bitcoin isn't the best, which it isn't, it'll fizzle out. It might be the best block chain but that's not good enough because blockchains are a bad idea. If bitcoin replaced all it would be worth about $50 trillion or maybe $100 trillion. But that won't happen. Mqurice