For me Bitcoin is an all or nothing bet; If it becomes a functional practical currency,
There is nothing about the Bitcoin to make it a functional practical currency. Money supply is a planning instrument of countries alongside taxation. Even without precious metal backing going beyond Betton Woods we still have a number of mechanisms such as the World Bank, IMF, ECB and a number of alliances and pacts to prop things up. Bitcoins are just a P2P game and as such more like Tulips for geeks.
There is nothing about the Bitcoin to make it a functional practical currency. Money supply is a planning instrument of countries alongside taxation. Even without precious metal backing going beyond Betton Woods we still have a number of mechanisms such as the World Bank, IMF, ECB and a number of alliances and pacts to prop things up. Bitcoins are just a P2P game and as such more like Tulips for geeks.