your logic is sound. i don't know about bitcoin, i think it's so different from money before that it's almost impossible to genuinely know what is going on. like you say - who owns it? how do they make decisions? etc... are really important points that people are just ignoring for some reason. i remember my grandfather way back in the early 90s saying CDs would never catch on. he was wrong, billios of units were produced for a plethora of reasons and yet 20 years later CD's were virtually obsolete. so in a way he was right too. i fear bitcoin may be one of these types of thing and most people are going to get burned, especially now that the buy in price is so high, relatively speaking. thanks for the article Hive account@business :-)
have a sunny week,
HA
Hive account@humanauction