It's funny, because *everything* depends on people believing in bitcoin. It's not backed by debt, governments, central banks, or gold or silver. It doesn't physically exist. Bitcoin is so strange to me, but the community is so hardcore. But yeah, it was created to transcend governments and banks, and it's doing a damn good job, I'd say. Not that bitcoin users are spending it like money, because I'd say most are not, but it's been adopted in the nerd community and the dark markets. That's definitely something.
+1 to this.
I have a hard time when explaining Bitcoin to another people