Earlier quoted context omitted.
If you truly don't want to understand mining or how the blockchain protects the integrity of transactions, you can hold off on making cynical assumptions about its design. Early adopters to the network provided the computing power that lets the currency even exist in the first place. They also likely all sold their BTC years ago. The economic output of a few days of mining in 2009 could have never been more than a co…
I've been ridiculing it since they day I heard about it, rather than going through any sort of ghandi-esque three step process. I took time to understand exactly what it is and decided the crypto was interesting but as a currency it's not something I could ever adopt in good conscience. The rules, set in stone since the beginning, are not a recipe for a good currency. What's more the Randian/libertarian fanboys provi…
For that use-case, it doesn't even matter if the value of BTC continues to fluctuate a lot over the course of weeks, since people only have to hold onto BTC long enough to trade with it, and then they can exchange back into more stable currencies, if they wish.
Sure, there are the Randian/libertarian fanboys, but whatever. They don't have any real control over Bitcoin anyway, and they're not too hard to ignore.