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RE: My Response to Mike Adams 'Bitcoin Bubble'
Thank you for commenting. Great points.
Bitcoin can scale, and will. That isn't really the debate, the debate is how will it scale.
I set Gold and Crypto apart more in regulation than centralisation/decentralisation. They have also passed laws in the past that forced citizens to give up their gold, and they can physically do this by coming into your house and taking the physical gold. Bitcoin isnt so simple. You can store your coins in a cold wallet, offline from the rest of the word, write down a backup phrase and keep that safe on a piece of paper. Easier to store than Gold, harder to steal by the government.
I love gold, and gold always win most cases, but its too regulated for me. I should have said that instead of centralized.
The scalability problem has been known for years. It could have been solved before there were any problems – but it wasn't. It should have been solved when the problems became evidently clear for everybody, when the blocks became full and fees went high – but so far nothing has been done.
That's why I have very little trust in Bitcoin and I wouldn't recommend it to anybody. It has a governance problem, which is so big that it prevents all the most important development from happening.