... be realistic about the ramifications of Bitcoin It is not a jack -of- all trades nor a panacea for all the worlds’ ills It may solve some issues in niche areas, but it likely cannot the vast majority... some ways a lot like “old money (fiat paper) Thus altogether the only attributable advantage that Bitcoin appears to have left (based on Rochard’s chart above) is recordkeeping, yet there are... profit from their resources Because of the hashrate arms race, ASICs are a depreciating capital good That is to say, there is a short time frame, a narrow window in which their capital good can provide