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I couldn't find an article about criticism in the wiki. Is there some other place that contains well-constructed criticism for Bitcoin?
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I couldn't find an article about criticism in the wiki. Is there some other place that contains well-constructed criticism for Bitcoin?
2That's more technical weaknesses, it says nothing about the economic problems of a deflationary currency. – r3m0t – 2013-04-21T13:22:51.320
@r3m0t - I think the Weaknesses page is the page I'm looking for. It should incorporate all weaknesses, not just technical - edit it if you feel it's missing something. – ripper234 – 2013-04-22T05:26:59.667
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This Quora question is a start.
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This is a great source: http://critiquesoflibertarianism.blogspot.co.il/2011/05/simple-critique-of-bitcoin.html
It is a short article but you can learn a lot from the comments
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See "Decentralised Currencies Are Probably Impossible (But Let’s At Least Make Them Efficient)" by Ben Laurie. He shows how Bitcoin's so-called "decentralization" is such a joke, because it doesn't really work. If Bitcoin's decentralization doesn't work, it makes no sense to waste so many resources over proof-of-work transaction processing. He also proposes an alternative design in a follow-up post.
1What kind of criticism do you mean? Some of the answers have criticism, which is not related to the economic impact if wide-spread Bitcoin adoption is achieved, which is what I suspect that you are asking, given your "economics" tag. – David – 2013-04-21T19:44:38.053
@David - I think the Weaknesses page is the page I'm looking for. It should incorporate all weaknesses, not just technical - edit it if you feel it's missing something. – ripper234 – 2013-04-22T05:26:35.490