What i'm talking about? Really?
Bitcoin does not scale. "We will solve it when it becomes a problem." is what we've heard for the past years, now it's becoming a problem and there is no working solution or even remotely a consensus of what a solution should look like. This will almost certainly result in at least one split chain when people start forking bitcoin and promoting their 'real bitcoin'.
Bitcoin does not offer reasonable (pseudo)anonymity. Something which has been one of the core ideas of bitcoin since the very start has been proven to be false and it's in fact very traceable and easy to correlate.
Mining centralization, it's not just happening, bitcoin mining is already very centralized, basically the whole thing is run and controlled by a hand full of people, which are probably the same people that own 99% of all bitcoins anyway.
Globally governments are criminalizing bitcoin (or crypto in general), either legally or on the media/public 'wall of shame'.
Banks are increasingly refusing to do business with bitcoin-related businesses.
Exchanges are getting locked down and want to know every little detail of your life. Who are you, what do you do, where do you live, where do your coins come from, how do you plan on using them, how many do you have. This is worse than what's happening with fiat, and on purpose of course, they need to destroy bitcoin to prevent it from catching on and getting development again.
Oh noes. Bitcoin's scaling - a problem, apparently, that has been around for years - during which price continued its slow climb upwards (despite your belief that from $1 to over $400 constitutes a slow decline).
Just because the price went up from point A to point B doesn't mean that it hasn't been in decline most of the time. The big spike by the willy-bot caused this high value but trendwise, most time was spent on a decline.
Mining centralization - damn those Chinese. Except - miners continue to mine using pools. Those Chinese pools are full of miners from all around the world. Whining about mining centralization now is as ludicrous as whining that the Czech Republic had mining sewn up back when Slush's pool was the only real game in town. Hint: miners and pools are not the same. Do tell me more about how miners are "probably the same people that own 99% of all bitcoins anyway" - ideally using evidenced facts and not "probablies".
Of course they consist of many small miners. The point is that the pools are in control and can push changes in the protocol easily before people would have time to notice and/or switch, causing again a hard fork at a later point if people will move away from those pools in big enough numbers.
Exchanges in Europe are coming into line with exchanges in the US, which in turn are falling into line with non-BTC exchanges. Don't like it, there's plenty of exchanges outside the EU and the US. And I'd love to know how this is "worse than what's happening with fiat".
MURICA!
OK, the price in decline thing. Could you provide a graph, chart, image or similar showing the price, uh,
declining? Because when I look at the price over the last - hell, over the last pretty-much-any-period - I see an upward slope. Is it possible you're using a different definition of "downward" to the rest of the world?
The pools are no more in control than Slush was, or, perhaps more relevant, ghash.io when it started threatening the 51% mark. Pools are "in control" how, exactly? Do they point a gun to the heads of miners and force them to remain with
ghash.io f2pool? Or are, as I believe, miners free to move from pool to pool?
I can't really argue with your last point (in part because I'm unsure what it even is). Yes, indeed, European exchanges are following American exchanges. In much the same way much of European life follows much of US life. It is sad, I agree, but hardly earth-shattering, and hardly Bitcoin-destroying. Thank goodness for Eastern Europe and Asia.
You've missed the parts about criminalizing Bitcoin and banks. Take your time.
Oh noes. Bitcoin's scaling - a problem, apparently, that has been around for years - during which price continued its slow climb upwards (despite your belief that from $1 to over $400 constitutes a slow decline).
Mining centralization - damn those Chinese. Except - miners continue to mine using pools. Those Chinese pools are full of miners from all around the world. Whining about mining centralization now is as ludicrous as whining that the Czech Republic had mining sewn up back when Slush's pool was the only real game in town. Hint: miners and pools are not the same. Do tell me more about how miners are "probably the same people that own 99% of all bitcoins anyway" - ideally using evidenced facts and not "probablies".
Criminalizing Bitcoin? Oh noes noes noes. Like when you told us the European Union was criminalizing Bitcoin and it turned out that the European Commisssion had made recommendations (which individual governments were free to adopt - or not) - so that Europe would come into line with the US?
Banks are increasingly investigating blockchain technology. Banks were bloody awful back in the day, in some countries (the UK for example) they still are - but "increasingly refusing"? Hyperbole much?
Exchanges in Europe are coming into line with exchanges in the US, which in turn are falling into line with non-BTC exchanges. Don't like it, there's plenty of exchanges outside the EU and the US. And I'd love to know how this is "worse than what's happening with fiat".
Your go. Really.
