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RE: Are Bitcoin and Ethereum about to become worthless?
I agree with you about the design , but in reality Bitcoin is being used as a store of value by many. Bitcoin is currently flawed by transaction speed etc and widespread adaption is not really possible. In reality a superior coin is needed for day to day transactions.
If it is a store of value, why does it need a high capacity? Other stores of value do not? And I don't see that a different coin is needed for mass adoption, a revised bitcoin may suffice. However, it needs to ensure it does not sacrifice security for capacity. If crypto is to be adopted more widely, it cannot constantly fork and adopt new 'best' coins! the strength of bitcoin is in the network effect and the 'brand'. If we thow this away we may as well start over.
That is really what I am saying, the value of Bitcoin should be that it is a Bitcoin, but so many already unhappy with transaction speeds etc and looking for the next best thing, but this will never end.