Why they will not work

1. Technical
   • scalability - as the system grows is harder and harder to manage transactions
   • splitting the network - working offline
     • one bad actor (China) might decide to split the network and to create a parallel transaction history (ledger)
2. Practical
   • The Bourse where people open accounts to play is periodically robbed since money have no trace. Happened in Japan.
   • Big players play game and the currency is highly volatile.
   • The mining already discovered around 80% of total bitcoins in 2017.
   • volatility - https://lifehacker.com/how-one-person-caused-the-price-of-cryptocurrencies-to-1822396438?rev=1516895936816&utm_campaign=socialflow_lifehacker_twitter&utm_source=lifehacker_twitter&utm_medium=socialflow
3. Others
   • Moral problems - you hide things in the name of privacy

Concerns

• Not clear what are full implications of capped size: deflation among them.

What will work

• playing short term luck games hoping to guess the big players direction
• creating a voucher/virtual currency that is controlled by both authorities and groups. See namek.
• what about BlockChain

Resources

• https://en.wikipedia.org/wiki/Ethereum
• https://www.google.com/search?q=ethereum+scale+problems
• https://medium.com/@FEhrsam/scaling-ethereum-to-billions-of-users-f37d9f487db1
• https://www.reddit.com/r/ethtrader/comments/6ezbab/is_ethereum_at_risk_for_having_a_scaling_problem/

Others

• pantent on scaling - https://interestingengineering.com/state-owned-bank-of-china-has-filed-a-patent-for-blockchain-scaling-solution