The single point of failure are the exchanges. Without an easy way to convert BTC <> fiat, Bitcoin is useless.
Yeah, no way people could possibly do that on their own without exchanges...
You give up too easily, that's for sure.
Just sayin.
guys by mid year 2014 this stuff is going to get integrated into all sorts of web services, the chinese won't be able to compete without it... they seriously shot themselves in the foot
people are already making these moves, it is the obvious next step for use of cryptographic token accounting systems to lower finance operations costs at companies, and some would say to bring about distributed applications
it will be sooo embedded into everything the internet touches that no one in the West countries will be stupid enough to even attempt to rip out.
I so hope you are right. I keep thinking this but with all the craziness today it is hard to see the big picture sometimes. Thinking long-term is what anyone involved with BTC needs to do!