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Message Subject Bitcoin Was Created By DARPA
Poster Handle Anonymous Coward
Post Content
You tell me why mom and pop would ever want to convert their money into Bitcoin, then the general public might give a damn. It's too risky for most people to convert their day to day money supply into what is really just a huge investors gamble at the moment.

Sure if the USD falls apart bitcoin may be an alternative, but even bitcoin is still based on the USD, so why bother converting to it in the first place. Just keep using paypal and USD.

Until then, the tangible value of Bitcoin at its current price is over valued, in reality each bit coin is really only worth the electricity used in mining each coin, which is what, 10 or 20 dollars at best.

Governments can and will make it harder to use considering its difficult to monitor and hard to tax, which means its always going to be a huge risk.
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