Bitcoin:
93% premine to anyone born today.
100% premine to anyone born in 2140.
Causes toxic waste material (even hal said this).
Waste of energy that could be used to solve cancer or feed people (hal said this).
1 person can be 50% of the network.
Fiat can buy all the miners and coins, Central bankers still win.People have been killed for it and tortured (sure this happens with fiat but the blood is on your hands now).
Network fee only goes back to miners this leaves no funding for roads, garbage, schools, medicare or disabled veterans.
1-3 hour transactions
high network fee cost more than the coffee you are buying
Only 1 miner wins in the end then it becomes centralized, he can push all the other miners out. This will be the FED.
this simulation proves it
https://www.youtube.com/watch?v=Q41RW6bxpM4That's the core thing! Absolutely right! Blockchain is vulnerable to centraliation, since it can turn out to be that all the "sleeping" or "lost" wallets belong to a cryptotycoon, then it will be no difference between fiat money system and crypto money system (thats what happened with dollar): the centralisation of all the capital power in the hands of several rich people. Moreover, while blockchain itself is decentralised, all the infrastructure (both soft and hardware) may become centralised at any moment.