Comment Re:Crash? More like correction. (Score 1) 709
Except that decentralized digital cash is inherently flawed, since the tokens will always grow linearly in the number of transactions they are used for. In other digital cash systems, this problem is solved by having an issuing authority (bank, government, etc.) that accepts old tokens and issues fresh tokens. In the case of Bitcoin, no such authority exists, so the tokens are just going to keep getting bigger, and eventually they will be too large to be useful.
This is total bullshit, presumably based on a lack of understanding of how bitcoins work. The phrase "accepts old tokens and issues fresh tokens" is completely meaningless in the context of bitcoins, which has a universal log of all transactions maintained by miners, not any actual tokens at all.