Indeed it's predictable that if the biggest buyer stops buying the prices will drop. You don't have to be a genius to figure that out.
The adoption of p2p technology, a protocol or a network has less to do with the quality of the technology itself, and more with the size of the network. Couldn't there be a better social network than FB? A better snapchat? A better Twitter? A better protocol than http?
Besides, too flawed from an economic perspective? Too inefficient? This is the rhetorical equivalent of "Spray and Pray"..
The current regulatory environment will not just disappear but itself. Bitcoin might win, bitcoin might lose, but there will be blood.
The adoption of p2p technology, a protocol or a network has less to do with the quality of the technology itself, and more with the size of the network. Couldn't there be a better social network than FB? A better snapchat? A better Twitter? A better protocol than http?
Besides, too flawed from an economic perspective? Too inefficient? This is the rhetorical equivalent of "Spray and Pray"..
The current regulatory environment will not just disappear but itself. Bitcoin might win, bitcoin might lose, but there will be blood.