For myself bitcoins has many problems.
1. who and how makes the decision about the wallet software.
2. there are to many people with a to big amount % of bitcoins. They can crash with a sell of 350.000 the whole currency.
3. how i can build a business on a currency which isn't stabilized.
that so far
1. who and how makes the decision about the wallet software.
2. there are to many people with a to big amount % of bitcoins. They can crash with a sell of 350.000 the whole currency.
3. how i can build a business on a currency which isn't stabilized.
that so far
1) The software is open source and anybody can view the source. You can commit to it here https://github.com/bitcoin/bitcoin If your contribution is useful it might be included in the main branch or you could simply decide to use your own branch or write something from scratch. Short answer: You decide
2) Possibly but that will hopefully even out over time as more people/entities accept BTC for payment and more btc are 'discovered'.
3) See number 2. It is new and as such will have certain risks which is often the case with new ideas/technology. The risks are high but perhaps the potential rewards of being an early adopter are high (only you can determine that - which is the beauty of such a thing). Your point is a valid one given that a lack of predictability of btc value (relative to other currencies) makes it hard to evaluate business decisions. Present participants in the US dollar climate are also finding the same lake of predictability (due to inflation, tax, regulation - planned regulation, etc).
You are asking the right questions but give it time.
Finally given what history depicts happens to all fiat currencies vs a system that has a finite supply of currency units, where do you think the long term trends will lead when comparing the two types of currencies and why? Hmmmmmm.