Upvoted and following... I have heard a few times that Bitcoin might just be the pioneer that makes some space for the currency that sticks.

MySpace.com always comes to mind when I think about Bitcoin.

When MySpace first came out, everyone was on it and raving about it and if you weren't on it you were lame. It was the first time we had seen such a great way to share ourselves with our friends and find old friends. But when Facebook came along, they upped the innovation and MySpace couldn't find the advertising spam.

Facebook waltzed in because they didn't have to introduce the idea of social media. MySpace had already done it for them.

What are your thoughts on bank supported cryptocurrencies?

I know, I know... we are trying to get away from the old institutions, and their needless tracking and control and charges.

But in a realistic view, people are either (1) trying to make some money or (2) trying not to get screwed if the economy crashes (which seems more likely to come after recent banking deregulation which is what got us in trouble in 2008).

So if people are trying to protect themselves, and they see the instability of Bitcoin as a big risk, wouldn't a currency backed by a bank make the general population (the ones that won't adopt new technologies until eveyone else is doing it) make them feel safer?

I am a fairly free thinker, but I have become keenly aware of my own programming that says, "How can my money be safe if there is no institution exploiting my involvement in the system?" I think that a lot of people feel this way.