LOL... Let's bring Bitcoin to ruins... What do you say? Who agrees?

Update: Bitcoin has been reported to have too many unresolved claims and issues going on with it.
Update 2: A long list of the problems, conflicts, claims and issues in Bitcoin: • Limited Coin Supply • Lost Coin, causing current supply to lower, and entire supply vanish over time • Volatility • Founder Mystery of Satoshi Nakamoto, with many fake claims and conflicts of who truly is Satoshi Nakamoto (Dorian Prentice,... show more A long list of the problems, conflicts, claims and issues in Bitcoin:


• Limited Coin Supply

• Lost Coin, causing current supply to lower, and entire supply vanish over time

• Volatility

• Founder Mystery of Satoshi Nakamoto, with many fake claims and conflicts of who truly is Satoshi Nakamoto (Dorian Prentice, Gavin Andresen, Craig Wright, Robert MacGregor… Other?... Mystery…)

• Store of Value Conflict - Property, Currency or a Commodity

• Tax Issues

• Laws – Nation by Nation
Update 3: • Drugs, black markets, dark web markets, illegal and bad reported records of bitcoin markets • Mt. Gox, Silk Road Records • Decentralized Currency conflicting with Centralized Patent Controls, Rights and Claims • Too much unfair and imbalanced neo-liberal based mining hash power being held by big, major and... show more • Drugs, black markets, dark web markets, illegal and bad reported records of bitcoin markets

• Mt. Gox, Silk Road Records

• Decentralized Currency conflicting with Centralized Patent Controls, Rights and Claims

• Too much unfair and imbalanced neo-liberal based mining hash power being held by big, major and serious China based solo-miners

• No government or bank financial backing is provided
Update 4: • No Financial Centralized Securities or Protections are provided in between crypto currency use, meaning once you send your coin, spend your coin, otherwise lose your coin, key, passphrase, access to wallet, or your entire wallet file, there is no backup, rollback, middleman, dispute, refund, financial accident... show more • No Financial Centralized Securities or Protections are provided in between crypto currency use, meaning once you send your coin, spend your coin, otherwise lose your coin, key, passphrase, access to wallet, or your entire wallet file, there is no backup, rollback, middleman, dispute, refund, financial accident insurance coverage or assistance you can contact, report to or get help from
Update 5: • Limit of 7 Transactions per second • Long transaction ques, delays, wait times and Processing stages • Transaction fees become a bidding game, if you want your transaction to be processed sooner • Transaction total costs would get bigger and more expensive over time, as the value of 1 Bitcoin gets... show more • Limit of 7 Transactions per second

• Long transaction ques, delays, wait times and Processing stages

• Transaction fees become a bidding game, if you want your transaction to be processed sooner

• Transaction total costs would get bigger and more expensive over time, as the value of 1 Bitcoin gets higher

• Block chain, ledger and data download time and size

• Increase conflicts in block size, data size and transaction size

• Forks that can happen and occur

• 51% hash power attack risk
Update 6: • Every 4 years as the mining of Bitcoin keeps halving, transaction fees are likely to rise in cost, many reports have stated

• All of the uncertainty that Bitcoin carries and comes with is quite big
Update 7: You will see many of the points in this news article, from Economic Times, By New York Times | Jul 02, 2016, 01.44 PM IST: How China took center stage in bitcoin's civil war http://economictimes.indiatimes.com/news/international/business/how-china-took-center-stage-in-bitcoins-civil-war/articleshow/53019987.cms show more You will see many of the points in this news article, from Economic Times, By New York Times | Jul 02, 2016, 01.44 PM IST:

How China took center stage in bitcoin's civil war
http://economictimes.indiatimes.com/news/international/business/how-china-took-center-stage-in-bitcoins-civil-war/articleshow/53019987.cms
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