I also see much confirmation that Bitcoin is not being adopted by most of those who hear about it
Nearly half of all Americans know what bitcoin is but most don't trust the virtual currency, according to a new survey.
Just 13 percent of all respondents to a Harris Interactive poll said they prefer bitcoin over gold. Bitcoin has been embroiled in a series of controversies over the past few months, including inappropriate use and the shuttering of its highest-profile exchange.
Those negative headlines have taken their toll: The survey, conducted on behalf of financial innovation platform Yodlee, found that the more people know about bitcoin the less they trust it. People in the more tech-savvy regions in the West were better acquainted with bitcoin than those in other regions, but only 7 percent said they would invest in it over gold.
The cryptocurrency's biggest fan base: Men in the 18-to-34 age group, 22 percent of whom said they would choose bitcoin over gold.
I started proselytizing and talking about BTC around 2 years ago, and the same issues have regularly arisen.
(Like many people, I didn't 'invest' any meaningful amount because I was more enthused by the principle and technology, than by any prospect of monetary gain).
The vast majority will either:
a. Have no use for BTC (yet)
b. Not trust it enough to use it as a money replacement.
c. Not understand the true nature/implications of the revolutionary technology.
It splits roughly along demographic lines and I would conjecture that the strongest supporters need to grow and age into more influential positions before the real step change in adoption can happen.
Fiat will be dominant for some time, and the real game changer might even, ironically, be fiat administered by blockchain.