The actual purpose of bitcoin was to make an alternative way for people to trade and exchange money on the internet , a safer way to shop online without having to use your credit card that is linked to your bank account which will compromise it,but from that idea it created the best way for hackers and bad people to use money without being tracked down, that is why governments can't control it and that is why they made it illegal in some areas, that is why it didn't become an international currency
Totally agree that it's an alternative medium of exchange and that some governments are very scared about the loss of control it represents. As for the reason Bitcoin hasn't taken off, I think the answer can be found in what people talk about when they talk about money. I mean, when people talk about the stuff they usually talk about how much everything costs and not having enough of it. They worry about being able to pay off the mortgage, car, taxes, put food on the table, and still have enough to save for the future. Millions of people are in this situation. Billions more are just worrying about being able to eat.
I think Bitcoin has shown us that money is a technology - and that's exactly what Bitcoin is, isn't it? Like any technology, it has to be assessed on how useful it is and what problems it solves. If a technology doesn't solve problems (or only solves problems for a minority) then what use is it? I mean, if the problem is that a minority have more money than they know what to do with (while everyone else worries about not having enough) then does decentralising money or making money more secure solve that problem?
HS