What happens to the crypto „currency” if random nodes in the system get disconnected forever, e.g. because:

• one miner has sold their own bitcoins and they don’t want to burn more electricity to maintain it for the others for free,

• another miner has died and his spouse has no idea how to handle it and where are the keys,

• another miner’s servers got stolen when they’ve been on holidays,

• next miner wasn’t good enough in IT and their servers got hacked and all data deleted,

• next one had a computer virus and data have been deleted,

• last miner got arrested … to die in cell years later, in the meantime there’s no one who can press the button and start the servers again after power outage.

The random bitcoins would cease to exits. That’s the main weakness.

The other weakness - multi-currency dilution:

The number of countries (and fiat currencies) is limited so people don’t realise that. Anyone can create a new cryptocurrency and there is no limit how many can be created.

Imagine the world with 100,000 different cryptocurrencies that compete for people to buy/use them.

What happens to the crypto „currency” if random nodes in the system get disconnected forever, e.g. because:

• one miner has sold their own bitcoins and they don’t want to burn more electricity to maintain it for the others for free,

• another miner has died and his spouse has no idea how to handle it and where are the keys,

• another miner’s servers got stolen when they’ve been on holidays,

• next miner wasn’t good enough in IT and their servers got hacked and all data deleted,

• next one had a computer virus and data have been deleted,

• last miner got arrested … to die in cell years later, in the meantime there’s no one who can press the button and start the servers again after power outage.

The random bitcoins would cease to exits. That’s the main weakness.

The other one - multi-currency dilution:

The number of countries (and fiat currencies) is limited so people don’t realise that. Anyone can create a new cryptocurrency and there is no limit how many can be created.

Imagine the world with 100,000 different cryptocurrencies that compete for people to buy/use them.

What happens to the crypto „currency” if random nodes in the system get disconnected forever, e.g. because:

• one miner has sold their own bitcoins and they don’t want to burn more electricity to maintain it for the others for free,

• another miner has died and his spouse has no idea how to handle it and where are the keys,

• another miner’s servers got stolen when they’ve been on holidays,

• next miner wasn’t good enough in IT and their servers got hacked and all data deleted,

• next one had a computer virus and data have been deleted,

• last miner got arrested … to die in cell years later, in the meantime there’s no one who can press the button and start the servers again after power outage.

The random bitcoins would cease to exits. That’s the main weakness.

The other one - multi-currency dilution: imagine the world with 100,000 different cryptocurrencies that compete for people to buy/use them.

What happens to the crypto „currency” if random nodes in the system get disconnected forever, e.g. because:

• one miner has sold their own bitcoins and they don’t want to burn more electricity to maintain it for the others for free,

• another miner has died and his spouse has no idea how to handle it and where are the keys,

• another miner’s servers got stolen when they’ve been on holidays,

• next miner wasn’t good enough in IT and their servers got hacked and all data deleted,

• next one had a computer virus and data have been deleted,

• last miner got arrested … to die in cell years later, in the meantime there’s no one who can press the button and start the servers again after power outage.

The random bitcoins would cease to exits.

What happens to the crypto „currency” if random nodes in the system get disconnected forever, e.g. because:

• some miner has sold their own bitcoins and the don’t want to burn more electricity to maintain it,

• another miner has died and his spouse has no idea how to handle it and where are the keys,

• another miner’s servers got stolen when they’ve been on holidays,

• next miner wasn’t really good enough in IT and their servers got hacked and all data deleted,

• next one had a virus, data have been deleted,

• last miner got arrested … to die in cell.

The random bitcoins would cease to exits.