Bitcoin: Mother of All Bubbles, or Revolutionary Breakthrough

There is honestly not very much revolutionary about Bitcoin as a system in the real world, because it is so burdensome to use[1] that you cannot easily use it for facilitating financial transactions without trusting a middleman[2].

The result is that you must use centralized exchanges[3], and consume much more electricity than needed in the process.

The decentralized, cryptographically secure, append only ledger is pretty cool though.

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[1] HDD/SDD storage space for the blockchain itself, securing your wallet

[2] Certain Chinese individuals with large amounts of computational power apparently don't count as middlemen

[3] JP Morgan et al