<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"><html lang="de" xml:lang="en" xmlns="http://www.w3.org/1999/xhtml"><head><meta http-equiv="Content-Type" content="text/html; charset=UTF-8" /><title></title><style type="text/css">html,body{background-color:#fff;color:#333;line-height:1.4;font-family:sans-serif,Arial,Verdana,Trebuchet MS;}</style></head><body><p>Big issues with Bitcoin are:<br><br>- Bitcoin is a time based network<br><br>At one point humanity will expand. And when humanity expand and space between people or machines is so big that time is warped more than one block time, you have basically two or more chains.<br><br>- Bitcoin is a tax based network, but useable without tax.<br><br>Satoshi Nakamoto sold you that bitcoin is used by your tax. So you are doing a transaction and for the transaction you give a little bit "tax" or "fee" to the miners. But the initial scam and a big future problem is, that you can trade wallets itself. With BTC on it, but without moveing something on the chain. So trust-systems profit on the trust-less based system, which is taxed.<br><br>- Blockchain is Interchangable<br><br>Basically Bitcoin is not about the unit BTC. It is about blockchain technology. So your question is a little bit "misleading". It is good that BTC is failing at some time. But it is important that the technology of blockchain is surviving and is adopted.<br><br>- Bitcoin is running out of the BTC units<br><br>Every year people are loosing their keys or are dying without passing on their keys. So a lot of BTC/year are lost. At one point you have no BTC/Satoshi left. You could solve that problem by implement a "dead man switch". When a wallet owner is not sending a message or is doing a transaction for 50 years, the BTC could go to the miners.<br><br>- BTC is FIAT related and price based<br><br>I think the thinking that BTC is price based instead of value based is the one big problem of crypto currency and BTC. Most people are setting BTC in relation do FIAT / US-dollar. This is why?<br><br>Have a great day!<br><br>Roland Ionas Bialke<br><br></p>
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