Couldn't agree more! I have pointed out some of the obvious problems, like scaling and how it will inevitably cause a market crash. My belief is though, that as Bitcoin collapses, other coins will rise. The ship has sailed on Crypto. It is here to stay!
Exactly, there is no commerce in Bitcoin, the merchants are disabled with the high fees.
All the action happens inside the exchanges, where kids are gambling with allowance money. This is casino behavior, and has no fundamentals.
The economy is not growing the the speculation is, this is the definition of a bubble.
SOUND TRUE