I couldn't find an article about criticism in the wiki. Is there some other place that contains well-constructed criticism for Bitcoin?
asked Apr 20, 2013 at 13:24
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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.– DavidApr 21, 2013 at 19:44
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@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.– ripper234Apr 22, 2013 at 5:26
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4 Answers
answered Apr 20, 2013 at 19:32
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2That's more technical weaknesses, it says nothing about the economic problems of a deflationary currency.– r3m0tApr 21, 2013 at 13:22
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@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. Apr 22, 2013 at 5:26
This Quora question is a start.
answered Apr 20, 2013 at 14:18
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
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.
