Re: Bitcoin fees
What the hell is the point of having this magic cryptographically signed and un-alterable distributed ledger, if you then have to move all the transactions off it - in order for it to work?
Bitcoin had some clever ideas, but basically because the designer didn't understand the theory of money, it's too flawed to ever be a useful currency.
Plus mining is stupidly wastefully energy intensive - and how are the miners going to be paid when there are no more coins to mine. Plus how would Bitcoin then cope with the vicious spike of deflation that would cause. In general you want your money supply to expand at the same speed as your economy - so there's enough money to go round, but without causing inflation.
Biting the hand that feeds IT
