bitcoin invades mainstream banking system, page-4

Backed by no government. The official currency of nowhere. To mine them you need a TON of computing power which costs more than the bitcoins are worth.

They are more like collectors items than currency - people own them and keep them waiting for a value increase and an opportunity to convert them to real currency.

This is not the way currency works - It is designed to do work, not be stockpiled.

Nice idea for a currency, but seemingly ultimately destined to fail at that task one thinks.

R