lokerfoi
Fiat currency can also rise and fall 10% in a single day. Problem is that moving the market that much in every day is impossible due to a huge market cap, which BTC does not have.
All cryptocurrencies are not user friendly. Cold, hot wallets, privacy issues, what is the best way to store them, how not to accidentally lose everything etc.
Mass adoption depends a lot on user friendliness which a bunch of cryptographers aren't concentrated on solving.
So, it won't be used as a currency not because of its deflationary nature but because it's just not as convenient as fiat currency.
Scaling issues are also a big blocker. Currently, BTC transaction fees are higher than those imposed by banks. It's no longer a cash, just a store of value.
Core devs are behind a private company, trying to milk the blockchain even more, which will also lead to bitcoin not being used as cash, but they'll sell their own sidechain and offchain solutions, probably just to enterprise.
Blockchain tech is great tech. Cryptocurrencies like Monero are absolutely brilliant. But I'm doubtful of mass adoption, mostly because torrents, free software, as amazing as they are, and convenient for superusers, don't have mass adoption too.
It's just funny how decentralized currency is so easily swayed by a few individuals to serve their purpose.
The language used is unsafe, and developers didn't test properly.
What can be done? Fork I guess.
Or maybe leave the developers developing on the Ethereum platform to just fail?
For example, for travelling salesman and vehicle routing there are many instances with known optimum.
Even for those unknown tight bounds are easily achieved.
Just imagine how easy it would be to punish the citizens releasing animals into the wilderness if micro-chipping was mandatory. No need to ban imports, nothing.
Or sometimes naive people doing the same.
To me their approach seems absolutely brilliant, pushing even event handling to completely declarative code.
They had many excellent components, buffered lists, grouping in lists, tree panels etc. So many useful components.
Is there an alternative?