Quote from: Sithara007 on April 14, 2015, 08:12:44 AM

Quote from: jeromanomic on April 14, 2015, 07:04:46 AM

A different look at the Bitcoin market:
http://www.finance-guy.net/finblog/bitcoin-not-a-bubble

it's not a very positive opinion, but I agree that something needs to be done to attract the general masses to use Bitcoin. Something needs to make BTC more attractive than cash for everyday people.

What kind of incentives do you think would work for the people you know?

The biggest problem what I think is that this currency doesn't have any legal backing from any Government department of from any country and that is one of the main problem because of which people are afraid to deal in Bitcoin.

Why do you think governments should provide any special legal backing to bitcoin, and what do you actually mean by this? The best thing for bitcoin that governments could ultimately do is to make it into a legal tender, but I don't think it will happen any time soon, if ever...