The mining aspect of crypto needs an overhaul. At least to me, I thought the original intention of crypto was to help prevent the centralization and control of money by a few big players.

However, over bitcoin life, we have seen a very large portion of mining power and coins being held by a handful of people. These individuals have significant influence over the market, and together they could conceivable cause a mass sell off and crash in the price.

But... will it happen? Well, based on the frenzie at the moment, its in their collective interest to hoard the coin as long as possible, creating the illusion of scracity and pumping the price even further.. But.. all it will take is for 1 or 2 big players to flood the market for the price to start crashing... after all a lot of the current buyers are purely speculating on the price.

The other thing that baffles me with bitcoin are the continual forks. Its hard to imagine that a fork could overnight create billions of dollars of wealth out of nothing. Yet that is exactly what has happened with bitcoin cash and gold, and has clearly incentivised the large number of bitcoin forks being proposed. The thing with the original bitcoin was the supply was capped, so in a sense it makes sense that the price would naturally increase in value. However with the ability to fork and create something of a very similar nature, this hard cap is not quite the same, and if the forking continues excessively "should" have a negative impact on the price....

Im all for cryptocurrency, and decentralisation, but in order for that to actual happen we probably need to revamp how mining works..

This is all just thoughts and opinions, so don't take it too seriously.. For all we know bitcoin could hit $1M by next year :P ??