Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JorgeStolfi
on 06/10/2015, 16:21:53 UTC
the object of study is a fundamentally flawed protocol

This sounds like a sufficient subject for a journal article, if, indeed, you can support that thesis.

The flaws too are well-known, such as: lack of inflation causes hoarding, speculative overpricing, and price volatility; that and fixed mining reward leads to concentration of mining; no ways to reward relay nodes; no way to fix fees; no way to reverse fraudulent or criminal attacks; and more...

Bitcoin was a great advance towards the solution of the old problem of designing a decentralized payment system; but it is not the solution yet.  We must wait for another Satoshi or two to invent the parts that are still missing...