This is false, you just have to wait for more confirmations. And if miners are censoring transactions there will be a fork where you can use your coins.
> One caveat with Bitcoin is that the network is so slow (effectively just 3 transactions per second) that a crash would be spread out over time.
This is false, the majority of people selling already have their coins on coinbase or other exchanges and would not add to the transaction volume hitting the blockchain.
>you aren't any more free than you were under the banks, you're just beholden to a different master - the people who maintain the cryptocurrency networks.
Exactly. Bitcoin just like fiat is backed by trust in those who run the network. Bitcoin doesn't solve many problems as a store of value right now if you trust the government not to print trillions like they did after the 2009 crisis.
If you don't trust the developers, don't trust the coin.
>BTC could go to $0 tomorrow. Suppose the US Gov. makes everyone legally declare their BTC assets as assets and they are subject to taxation etc..
BTC is ALREADY taxed as an asset. If you buy $4 worth of BTC, price goes up 20% and the next day you buy a coffee for $5 that is a Taxable event that you need to record and submit a record of your 1$ gain to the IRS to be taxed. Currencies like the euro ect have an exemption for low dollar amounts of gains that BTC does not currently have. If you hold for a year, you can get the 15% long term capital gains.
>Because nobody is using BTC as a currency
People used to when there were low fees. We will get low fees again, but until then, it opens up the chance for other coins to take BTCs market share.
Bitcoin is the conservative approach to any change that decreases the keystone of decentralization that allows it to survive. The market is deciding what it values.
Terrible analogy. To be more accurate, you would copy america and change the policies you want. Then the market decides on what they believe in and want.
They have done a lot. However they were pushing too hard for the NY Segwit 2X agreement and complaining loudly of high fees. They still have not upgraded their software to support segwit addresses but still had the time to support the 2X fork. It seems very disingenuous and I wish I had a company that supported what I believe in to recommend for new users.
It is ridiculous to complain about fees and continue to drag your feet to implement tech that is lowering fees in production right now that other companies already have activated.