[dpatru]

Before you criticize bitcoin you should understand the problem it is solving. Bitcoin is a technological solution to a government-created problem: the creation of money from nothing because politicians and government leaders want to spend more than they can collect in taxes.

Other solutions to this problem include owning gold and stocks, both of which are also costly, but in ways that are harder to quantify.

If you want to avoid the waste caused by government money printing, lobby your government to stop confiscating wealth by allowing gold-backed money and reducing taxes.