Comment by sneak

> There are a few hurdles that can not be easily solved now: 10min transaction time

For almost all practical applications for which bitcoin is being used, this doesn't actually come in to play very often.

> the resources wasted in mining

It's not wasted if it's being used to process bitcoin transactions.

> and the potential consolidation of mining

Now you've got one - this is a huge threat to bitcoin today. It'll be interesting to see how it plays out over the next 6-12 months.