so I first heard about bit coin about... 6 years ago or something like that , . didn't really "get it", or get in to it.  About a year ago a friend bought in to it, and so I re-researched it and bought a small amount of coin.

but I have come to question where the future of bit coin is? I certainly see the value in bit coin, .. how it allows things "normal" money doesn't. I can see a future there.

I am not really sure there is any inherent advantage between inflationary and deflationary currency. I am not *that* well informed on economics. I can see arguments both ways.

Fundamentally though, I have a problem with bitcoin in so far currently it seems that there is no economy- it seems there are plenty of printing presses MAKING money, but no value being generated. There are truly staggering sums of money being made by people, but no value for their work. "I plugged in a asic and waited a year", has not made the bitcoin future, or economy any better.  Furthermore with large numbers of BT in accounts, we have industry kingpins, that have no industry.

I think PART of this issue is the fact that bitcoin are given out to quickly and easily. ROI should be comparable to other typical private industry lets call it 15%. This idea of getting your money back in 3 months is crazy, and is due to everyone else jumping on board. There was a concept called the "tredgity of the commons" that speaks to this issue.


Does this bother you at all, .. anyone else feel like money bad so far in bitcoin mining, is the biggest thing holding it back?