>Rejecting Bitcoin because it enriches a few people in a manner that you find objectionable is... myopic.
That's not why I think Bitcoin is dead.
It's primarily the fact that nobody can mine it anymore, thus nobody will be interested in it. All of my friends who I introduced to Bitcoin (and were fanatics while they were mining) don't even talk about it anymore. They're all just steadily hoarding their coins, not using them for anything, in the hopes of cashing out millions of dollars once all of the later "suckers" come along and buy into the blockchain.
It was the "free money" aspect that really sold the idea to most people. Nobody cares about the "exchange money for Bitcoin just because Bitcoin is so much more fluid" aspect.
That's not why I think Bitcoin is dead.
It's primarily the fact that nobody can mine it anymore, thus nobody will be interested in it. All of my friends who I introduced to Bitcoin (and were fanatics while they were mining) don't even talk about it anymore. They're all just steadily hoarding their coins, not using them for anything, in the hopes of cashing out millions of dollars once all of the later "suckers" come along and buy into the blockchain.
It was the "free money" aspect that really sold the idea to most people. Nobody cares about the "exchange money for Bitcoin just because Bitcoin is so much more fluid" aspect.