Controversial opinions below: Feeling might be hurt.
- Bitcoin is popular in the west and the US specifically because it lacks the cutting edge financial networks rest of the world has. Citizens in China, India, Kenya etc can do transactions in a jiffy using their existing bank accounts, whereas ACH clearance takes longer time.
- The digital Gold-rush aspect, HODLing, and no regulation makes it more lucrative to players who would love to cash out big on it. Greed trumps it all.
- Most of the BTC mining has been cornered by big mining, and it's way out of reach of regular Joe. This doesn't look democratic to me.
- The hugmongous energy wastage of the network should be the biggest cause of concern, but most proponents shoo it away by buzzwords like lightning network etc.
- Bitcoin is popular in the west and the US specifically because it lacks the cutting edge financial networks rest of the world has. Citizens in China, India, Kenya etc can do transactions in a jiffy using their existing bank accounts, whereas ACH clearance takes longer time.
- The digital Gold-rush aspect, HODLing, and no regulation makes it more lucrative to players who would love to cash out big on it. Greed trumps it all.
- Most of the BTC mining has been cornered by big mining, and it's way out of reach of regular Joe. This doesn't look democratic to me.
- The hugmongous energy wastage of the network should be the biggest cause of concern, but most proponents shoo it away by buzzwords like lightning network etc.