It's all about the roll-out, not the price. The price should naturally follow, and then to imagine scenarios you may not be familiar with, but are still real. H

It's all about the roll-out, not the price. The price should naturally follow, and then to imagine scenarios you may not be familiar with, but are still real. Here are a few: * More efficient inter and intra-organizational business systems. I am unsure of how involved academia and consulting have been with bitcoin and cryptos, but JIT payments seem like a very attractive proposition, especially with trusted partners, and especially in corporate contexts. Does your local bank have an API that allows easy funds transfers? Perhaps bitcoin can simplify the accounting function. There has to be benefits and cost-savings. CEOs may ask the question.. "we can get bitcoins, but then what?" * As mentioned elsewhere in the thread. Adoption in Africa or some other nation: the Orkut phenomenon. It's not about doubt in the USD (also mentioned in the thread) but rather doubt in one's own currency from inflation (or some other unreliability.) This is Draper's view. I think the key is to combine bitcoin with a fiat note (or some newer crypto down the line) and reduce reliance on banks. That's the sweet spot. * To avoid bank confiscations, eg Cyprus. Having some money is better than having money that's been largely confiscated. Bitcoin makes any nasties in government and corporations think twice. It's wealth insurance. And if/when confiscations occur, the price could rise higher than what you paid for them (but until then, it might seem like a loss.) * I suppose bitcoin could become a type of digital backbone currency, due to it being the first (but not the last) Cc. It really depends on the roll out, which has a number of imperatives driving it. It's worth looking at various business and use cases of bitcoins, and once these start reaching larger audiences, the usage should expand. * Online activities needing anonymity: use your imagination. * The currency could be faster to use, but it's usable enough for above things.