It largely goes back to the problems of the consensus model. You pretty much either need a centrally controlled currency - a la what Facebook tried to do, but the entire world turned around and said 'F that' - or you try to hang on as long as you can before the very nature of consensus-based systems undermines you. Especially in this case where whales wield massive amounts of control to the point that it is almost controlled by an oligarchy.
As a democratic process, Bitcoin is an utter failure.
|