>> Effective currencies have several mechanisms designed to protect their value and minimize volatility Yes, government manipulation. I think many of the btc

>> Effective currencies have several mechanisms designed to protect their value and minimize volatility Yes, government manipulation. I think many of the btc enthusiasts miss the point. You can't have a huge important currency without guarantees. Goverments have armies and taxes and so provide these guarantees. No world government/control of btc = no btc becoming the "global currency".