As likely to be a future dominated by virtual currencies, present is no longer confusing and troubling. The credibility of Bitcoin stumbles on a deterrent wall: few know exactly what is foundation of ir virtuality (blockchain) or support of ir solvency and many of those who know, distrust. Nor does it count on benefit of custom. For common citizen, Bitcoin is a rarity that is perceived from time to time as a distant echo. The crux of matter is wher re should be more people involved, even endorsing custom of Bitcoin. And for that question re are only half-light answers. Nothing is opposed to future of governments adopting a virtual currency. After all, y are ones who support any currency and re is no reason that if you back up a piece of paper do not do same with a packet of bits. But that is not degree of current concretion of virtual currencies; And it is not expected in immediate years.
Okay, here's story. The Bitcoin has revalued more than 700% since its creation, and each one of m is quoted today at about $8,000. They say that some bags will create futures markets on bitcoins and that prestigious superstores allow to pay with bit braiding. Not bad. But all of above is a euphoric description that is summarized in one concept: volatility. It is very dangerous for investors and impractical for any monetary system that merits basis of economic exchanges in a unit of measure that has fluctuations as pronounced as a response to small incitements or changes Electronic or commercial. The bitcoin is now an unstable and speculative instrument and re are few who predict that it will "end badly". Bad for those who have bet on him, of course.
The evolution model is that of a bubble. Supply and demand forces do not operate in this universe and refore logic of ir projection cannot be apprehended. And this is reason why principle "in doubt, refrain" is to be applied. It is not sensible to get involved in quotes whose origin is known poorly, lack support known to its solvency and experience strong increases in value in short periods.
We should also answer two questions. The first is: if Bitcoin and or virtual currencies turn out to be a fiasco will y accept ir responsibility, personal and non-transferable and pay costs due or, on contrary, ask for reparations, y will demand compensation and blame governments and Regulators of eventual failure? Because speculation feeds frequently from excuse "no one has prevented me" as an exoneration purge. The reverse of this fallacy is natural tendency of regulation to ignore potential risks and go with language to stifle damage when y have already occurred.
When will governments give ir support and control powers to a virtual currency? Also at this point answers shine by ir absence. Driven away from spectres of financial crisis, it would seem appropriate today to know what central banks and political powers think about what future of money and currency should be, at end of day, tools of exchange whose physicality and utility can be Improved by technology. Collateral, coverage, control and security are shortcomings of today's virtual currencies; All se guarantees can only be provided by institutions.