Yeah except Bitcoin pools are absolutely more centralized with no real signs of stopping, industrial miners overpower home miners creating a vector reminiscent of what Roger Ver exaggerated, but wasn't wholely misguided about, and it is completely auditable which means tax man has reason to show up at your door if you fuck up.
I'm asking about demonstrable failures. I too enjoy the koolaid from time to time but the question was one of pragmatism, not hopium.