SickleSigh said:
Sadly yes, unless acceptance of Bircoin reaches critical mass which it won't. Same reason people hate Democrats and Republican won't vode 3rd party because the perception it's a wasted vote. We have the means to decentralize power but won't because so. The petrodollar has dwindling worth as reserves are harder to get. Still for some a cartel like OPEC is more trusted than anonymous coin miners in China. Worse yet, the part they would keep in shows every transaction ever made by everyone. Every purchase could make you a target. |
Well, Bitcoin is not really a currency, it's commodity, and one that has wild swings - I can't really see it ever becoming currency in current incarnation.
Some articles I find interesting on the subject:
http://neweconomicperspectives.org/2013/12/fair-price-bitcoin-zero.html#more-7042
https://news.bitcoin.com/fedcoin-u-s-issue-e-currency/
