Bitcoin supply is limited. So far so good.
The supply of alternative, competing cryptocurrencies is unlimited. Very bad.
Imagine a world with dozens or hundreds of competing cryptocurrencies. They would each have minimal value.
Bitcoin doesn't look like a hard currency solution to government money printing. It's the ultimate soft currency.
Bitcoins may have a brief moment in the sun as media coverage inflates a bubble of interest. But I doubt it's sustainable.
I'm sure this simple observation will grate with many of you. Sorry.
Spare me your rants. Share your solutions.
This is my #2 worry, besides a government crackdown. Might even be #1. Imagine being able to instantly create something that was just like gold, but green. Then purple. Then red. Then any other color. And there was just as much of that to be mined as there was gold. And then repeat 1000 times. Gold isn't looking that great then.