> but rather the way people abuse it in relation to the current failed economy a deflationary asset will always be hoarded like this. the very property that bitcoin proponents boast of is one of the reasons it can't work as a currency.  > there is a finite amount of gold on the planet, too. yes, but gold mines have been operating for thousands of years and we still haven't run out.  > i don't really have a counter to this, but given the quality of the previous points, i am skeptical of how they made the determination that it's such a killer flaw. here, i'll do your googling for you   in_scalability_problem > the transaction processing capacity maximum estimated using an average or median transaction size is between 3.3 and 7 transactions per second > as a global payments network visa has the capacity to execute more than 65,000 transactions per second. and don't respond with "layer 2" bullshit because that's essentially no different to traditional fiat. you're relying on institutions with layer 2, just like banks, so what's the point? > there is no stable issuer that can guarantee gold. i'm not sure what the writer meant by this, but i'll give you this one. > this is a nice way to finish because it exposes where these authors are coming from. they are fiat shills and this is a thinly veiled threat. he's completely right though. this pyramid scheme will collapse if a large nation like the us comes out against it.  but overall, i think this is enough to convince a reasonable person that bitcoin will never be a popular currency.
Norway