I’d call it a train crash of epic proportions waiting to happen. It doesn’t scale anywhere near the level they’ll need, the bottlenecks are already baked in, and the security issues aren’t going away. But let them run headlong into it—sometimes the only way to prove a failure is to watch it happen in real time.
The situation with Bitcoin development is so much worse than I can discuss publicly.
People tell me things in confidence and I have to respect that and you'll just have to take my word for it.
It's completely out of control.