I don't see that part working. There is nothing convenient to spend it on, nothing I want or need can easily be found and purchased with BTC. Why would I convert to BTC to go out and spend after great deal of time searching for some place to accept it?

And it seems that the vast majority of holders, if these forums are any indication, simple are holding and waiting for some huge price increase. Why would the price rise when very little is being used as a currency?