To me it was/is an interesting experiment but one of the key components of bitcoin the finite resources is also its mayor point of failure (to gain acceptance).

To me it was/is an interesting experiment but one of the key components of bitcoin the finite resources is also its mayor point of failure (to gain acceptance). The nice thing of money in its current form is its relative stability. I can go out and buy or sell something without having to think about the value of the currency. This is not possible with bitcoin because the more it will be used its value will get higher due to the fact there are only so much bitcoins. So if it represents more value the value of the coin must go up To make it usable for trading (shopping or otherwise) it must hold a relative stable value. But if it is stable it is no longer of interest for speculation. This will mean that speculators will move their money out of bitcoin and thus it will reduce value. rinse and repeat. Bitcoin it self doesn't give interest or pays a diffident so the only way of making money is to ensure someone wan't to pay more for it than you did. It doesn't have any practical usability. You can't make a neckless from it, you can't use it in electronics. of course no currency gives you interest of diffident but due do the fact that that in a stable country the currency is stable it is an attractive intermediate. of course people make money with trading currency but that is done based on global economics and the state of the region or country that is responsible for the currency. The reason why it is good to be able to print money is that if output rises and thus more value is created you can keep the value of the currency more or less the same. The idea of having a none government run currency to make sure it is not manipulated is focusing on the symptoms and not focusing on the issue. the symptom is misuse of power the issue is not enough accountability of government (and thus banks etc).