>Or is your point that distributed currency can not possibly work? (that would also be a more interesting debate)
There is no debate, distributed currency does work. I have been using it on and off for four years. Bitcoin works the same at 1 dollar as it does as 1000. Using the currency as a store of value, however, is another matter.
Isn't everyone sufficiently aware by now that there have been bad bugs and fraud?
Wouldn't it be more interesting to discuss what needs to be improved?
Or is your point that distributed currency can not possibly work? (that would also be a more interesting debate)