Fortunately or unfortunately, the potency of a legal tender is not a matter of "deep math or deep computer science" but a matter of confidence and scarcity. Tha

Fortunately or unfortunately, the potency of a legal tender is not a matter of "deep math or deep computer science" but a matter of confidence and scarcity. That is all. In the past, people bought things with precious metals. These had to be scarce to be of value. This is the basis of modern day "money or currency". Let's take the dollar for example. Because it does not physically exist and is rather made-up, it is scarcer than gold or silver, hence more conceptually sound and more highly prized. And because, somehow, there is broad agreement on the dollar's tenability, it works so well. These two factors -- confidence and scarcity -- are the fundamentals of supply and demand. They are the only things Bitcoin must fulfill to take hold as a broad legal tender. Today, Bitcoin is rather scarce because its creation is exceedingly computationally expensive and arcane. This meets condition one. Condition two, confidence, is not yet satisfied today by Bitcoin. Broad confidence takes time. Until both are met and sustained for a long and tried period of time, Bitcoin will not gain broad acceptance. This means Bitcoin very well could.