Forget about the financial 'geniuses' trying to figure out the true value of BTC. And don't worry about how and why bitcoin may or may not fail.
Digital crypto currencies are the future and simply an evolution of the current credit and debit card networks we are using right now.
One the hurdles bitcoin has to overcome before it will ever become adopted by the mainstream is one of ease of use.
It's pretty hard to fuck up using a credit or debit card.. and even if you do the bank and credit card companies will generally cover you as a consumer. Merchants get the shaft of course.
Bitcoin's semi anonymity is great except it's as insecure on a social level as paper money. I don't want to be in a dark alley making a 10k transaction with someone i don't know for a physical item i can't test or return.
Wallet addresses need to be bound to an identity so reputation and trust can be established thereby building a framework of security and accountability.
The semi-anonymous nature of bitcoin also lends to it's lack of user friendliness. Most people simply don't have the understanding or knowledge required to secure and use their wallets. It's to fricking hard and stressful when you have a large number of BTC. Bare minimum we can agree it's a lot harder and more stressful than it is to use a debit or credit card backed by 'money' in a bank.
I understand there is a lack of trust in banks and financial institutions and that is the appeal of bitcoin. but bitcoin doesn't become mainstream without being EASIER to use.
This is where biometric wallets will come into play. If bitcoin is not the first to adopt this it will fail. And if it is the first to adopt it then we know we have pioneered the beast system where buying and selling cannot be done without the mark.
Your biometric information generates a key tied to your wallet. QRcode is replaced or exists alongside your biometrics. This is coming. A company like blockchain.info is surely looking at this. Adoption rate will soar through the roof when wallets are inexplicably tied to identity. Everything falls into place.
This is not good!!!bitcoin is doomed!