I think I am done with bitcoin. It sounded like an interesting idea, but:

- it can only handle 7-10 tps. And Lightning does not exist and never will.

- there is constant fraud - MtGox, FTX, Prime Trust. And self-custody does not exits.

- the 21M limit is an illusion, anyone can create a new shitcoin. And network effects do not exits, so any shitcoin will eventually reach market cap of bitcoin, diluting the value of btc infinitely.

/s if not awfully obvious. Perhaps I should be done with browsing https://money.stackexchange.com/ instead - I got those bright ideas from there.

But to be honest, I am not totally content with the last point, whether invoking network effects is sufficient.

With growing mainstream acceptance of bitcoin, I wonder whether those geniuses will keep criticizing bitcoin indefinitely, and if not, how will they justify their change of mind.