1. IT'S A DECENTRALIZED CURRENCY
blah, blah, blah
Reason 1 is flawed for two reasons...
1990 - internet infrastructure could not accommodate for such a movement, plus secondly global penetration of the world wide web was a fraction of today..... according to your theory this would mean that Libya would still be under the regime of Gadafi..... but correct me if I am mistaken, it was the masses that overthrew him....
Should the European banks approve and try to centralise BC, then it simplz validates, recognises and approved the cryptocurrency
And if we look deeper into history we find the fact that every movement that has gained traction sooner or later occupies the mainstream territory. This indicates the fact the since BC is growing in popularity day in day out...it will be here for a long time....
The question remains.... what is the fair value of BC.
Finance claims that the recent value is driven by speculation hence the current high value. If we believe the the speculative bubble stage theory, then we could assume BC to reach a fair market value of somewhere between 120 USD to 150 USD .
http://blogs-images.forbes.com/jessecolombo/files/2014/02/stages_bubble.pngThat all depends on resolution/scale of the graph and how long it goes off on the left of the screen... we could still be in the stealth phase... or gox just dropped us in the bear trap!
