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And my apologies. Mt Gox was based out of Japan. Does that change anything? Is "japan not the world map"
2) Even FEWER people use it to actually buy stuff. 99% of all bitcoins NEVER are used in transactions. So depiste all the hoopla over it, no one is actually DOING anything with this money. You might as well call MtG card 'currency'
People are just hoarding this junk. It's not a currency. It's just hoarding a virtual item in the hedge that its value will go up.
I'm saying, if you don't want to, stay away from it. I'm liking it cause I understand it's usefulness.
Sure the big boys are all into this bitcoin disco party.
Also, as someone who has used a real bank for the better half of 2 decades, I have never once had a situation where a power hungry corporation blocked any transaction.
I see a pattern of paranoia and chronic distrust with most bitcoin enthusiasts. Warranted or not, it isn't wise to just trust in the system purely because the corporations or government aren't involved with it.
Sort of the irony is that if 'something goes wrong' you're much much more likely to recover if you're using a bank or a credit card, than with Bitcoin.
all been discussed, ad nauseum.