Brilliant! In the final analysis, Bitcoin’s efforts to replace our broken national currencies, has resulted in duplicating the structure of the banking system (with the added benefit of burning as much electricity as the whole country of Ireland on useless computation that gets thrown away every 10 minutes just to reach a max rate of handful of transactions/second). We’ve just replaced an elite class of banksters, with an elite class of hacksters, and a few fast copies of the ledger with many slower ones.
brilliant article