When an idea grows far beyond its original conception it can become the very enemy of the original idea.
Other Bitcoin maximalist ideals about augmenting the role of gold are, in my opinion, grounded in flawed economics, and do nothing to improve the condition of humanity.
But all of these arguments are soft compared to the problem of Bitcoin’s energy consumption.
This Bitcoin energy consumption index estimates (November 2017) Bitcoin uses more energy than the country of Ireland, and is rampaging up the country index; there is no meaningful upper limit on the power it could consume as it grows.
While many such as Andreas Antonopolis predicted that the crypto-economy would be an ecosystem of many currencies, in the last six months we are seeing the opposite tendency as Bitcoin’s dominance (over other cryptocurrencies) is increasing.
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