I still support the development of  bitcoin but it DOES not have the potential to be THE NEW honest money system OF THE PEOPLE.

The problem is bitcoin seems to be tied too deeply with the current model and seems like at the end it will simply make existing bankers maintain status quo while making some early Bitcoin adopters richer in the process.

It is a great way to have the community publicize the Bitcoin currency by giving participants parts of the currency through the mathematical system ( which I don't full understand ) and frankly off top of my head I don't see other way.

However this method of politicization favors those who engaged early and therefore is more likely to result in an exchange system within a certain community. However this community seems like will be a subset of the current monetary system. It will operate within its tentacles.

It is evident that it benefits early adopters and this gives bias to a small group of people. That similarity with the existing money system is what makes Bitcoin just another currency in the current system. A currency mostly addressing the benefit of its early adopters rather than the benefits of actual value creator at particular time and space. This is a huge similarity with current model its bias to a small group. For that reason I now look at Bitcoin more like another currency with the  banksters rather than the "real honest liberty" which unfortunately bitcoin is not.