Nice post. I agree, Bitcoin won't solve any problems, because our crisis cannot be solved with fiat money in whatever shape.
I find nothing wrong with alternative money systems, digital or not.
The problem with Bitcoin (et al.) is that it has become a system for speculation only. Just a Ponzi scheme.
Another problem is that for the creation (aka mining) of bitcoins on servers requires huge amount of energy (by burning coal in China). I assume there is a dependency on the price of energy.
Nice post. I agree, Bitcoin won't solve any problems, because our crisis cannot be solved with fiat money in whatever shape.
I find nothing wrong with alternative money systems, digital or not.
The problem with Bitcoin (et al.) is that it has become a system for speculation only. Just a Ponzi scheme.
Another problem is that for the creation (aka mining) of bitcoins on servers requires huge amount of energy (by burning coal in China). I assume there is a dependency on the price of energy.
Joachim