The Problem with Cryptocurrency (BitCoin)

Coin360 (c) 2018 Mark F Porporino / Electric Angel US Azcom Network Intelligence "This  is the Art of Applied Logic" Hello Worldwide Family! In this post, I am going to explain what the real problem with BitCoin is from an engineering and financial network perspective. I believe BitCoin will eventually fail and I'm going to explain what I think its biggest problems are.  I will say it has many problems re functional design, plus some moral/ ethical implications to boot.  Please read this carefully and tell me what you think.  YOUR OPINIONS ARE IMPORTANT! I am not trying to convert anyone because that would be a lesson in futility . There is prerequisite work involved for understanding what I'm going to explain:   * You should at least know what Bitcoin is.   * You should know what the expression 'peer-to-peer network' means.   * You should understand what an 'economy' is but I will explain it a little later on. ...