Bitcoin is fundamentally flawed, not in its technology, but because it solves the wrong problems - most consumers want verified identity, reversible transactions, accountability, a centralised source of truth, central insurance, and real-time transactions.<p>They don&#x27;t want a federated pseudo-anonymous crypto-currency, just anonymous enough for theft without consequences, which requires them to hoard tokens on their home computer or a trusted server with extraordinary security measures as if they were gold coins and then pay a variable fee and wait a variable length of time (10 minutes!) to actually verify a transaction. I suppose gold bugs might be happy with it as a replacement for gold or stacks of cash under the mattress but as a currency it has glaring shortcomings. I don&#x27;t think many people hate bitcoin, they just find the hype for it and its blockchain overblown and myopic. It&#x27;s an interesting experiment, but it&#x27;s unlikely to replace the currencies we have, I suspect that will happen at the transaction layer, not the currency layer (the underlying currency to a transaction is in many ways uninteresting).<p>The financial industry may well be ripe for disruption (indeed some startups in the UK have started), but the founding tenets of bitcoin are such that it is not a suitable replacement.