1) Bitcoin will never be a national currency for the same reason that no country will return to the Gold standard.  It is for a completely different reason

2) As the value of BTC rises it will be held by more and more people.  By your logic nobody should buy/trade/acquire any more BTC.  Half of them are already held by a tiny (globally speaking) number of people and thus outside would be better off not buying them and insider would be better off just selling them.  Of course there will never be a scenario where Bitcoin goes to being held by thousands to being held by billions.  The thousands will sell to tens of thousands who will sell to hundreds of thousands who will sell to millions.  At the point where BTC had a large enough coinsupply to be useful for even a small nation the coins wouldn't be held by thousands they would be held by tens of millions.

3) Money isn't wealth, money is an accounting system.  The rich hold a negligible rounding error of their total wealth in cash.  The poor would benefit from a currency which isn't continually debased.

Of course I don't think Bitcoin will ever become a national currency however I don't think that provides any meaningful limit on adoption.  Bitcoin could be used someday (in theory) by nation states as a strategic reserve (like Gold Bullion).

he does not need to. but knowing that you loose everything if you loose your password will indeed keep some users away.

also u can add that if you lose your password you lose the account

Are you being intentionally obtuse?

I thought long bitcoin always means delivery, otherwise you are just long some one's bitcoin denominated promissory note? Not like dollar, since all dollars in banks are FDIC insured, and implicit backed by federal reserve (if banks could not use their asset to secure loan from market, then federal reserve will take the asset as collateral and issue loans), so all dollars in banks are dollars, not some chase dollar note or citi dollar note.

Most people who long bitcoin with Pirate are just long pirateBTC note, which probably should be rated as a junk note with grade C, his note should be less than 1 BTC if correctly priced,so by entering the price on par (pay 1BTC to get pirateBTC), you are already losing money before he defaulted,

If you take the time to look at actual AML requirements, you will find it is non-trivial to implement them in the Bitcoin protocol. Bitcoin is essentially a sophisticted public transaction record. To include the required sender information would violate any privacy legislation in place. Governments are likely reluctant to crack down of Bitcoin for two reasons:

• they don't want to give it legitimacy in the eyes of the general public.
• They can't really criminalize it without criminalizing accounting software that does essentially the same thing.

If we assume the Bitcoin is a currency, and all nodes must (or even want to) register as Money Service Businesses: the Bitcoin protocol still can't comply with the Guidelines as written. Nodes would somehow need the capacity to do the following:

• Report transactions comming from outside of Canada totalling over $10,000 CAD from the same entity within a 24 hour period.
• The above should be simple since all nodes would be required to include originator information in all outgoing transactions. This incudes: "name, address and principal business or occupation, (and) date of birth (or) the incorporation number and place of incorporation."
  
• Even if the block-chain can handle the bloat, the nodes in each jurisdiction will have different reporting rules. If the originator, winning miner, and recipient are all in the same country, no reporting may be necessary. In Canada, Government departments are exempt from reporting rules.
• If the originator is on the list of terrorists or terrorist organizations, many nodes may be forced to not relay the transaction to other nodes.
  
• If the transaction is over $100,000, you have to check if the transaction involves a Politically Exposed Foreign Person. This will also vary by jurisdiction. Manual intervention is also required within 14 days. AML-complaint nodes may refuse to relay such large transactions to avoid the extra work that can not be automated.
  

The above list involves bloating the block-chain, removing pseudonymity, subscribing to at least two databases, and balkanizing the network. In short, it would be impossible for the developers to slip this one by the vast majority of bitcoin users. In no small part because these changes would require careful user configuration to work correctly for their jusridiction.

for a %3.99 fee.

bitinstant allows people to send USD to and from MtGox and BTC-e.
they do this for all of the exchanges.

Sell on Gox
transfer money
Buy on BTC-E
Repeat as needed
Profit

Is that your personal assumption or can you base it on some source?

We have raised sufficient funds to cover the launch, but we would like to provide Mega free of charge for as long as possible. If you would like to be part of the success story, please get in touch.

If someone had offered you a piece of the internet back in the 1980's would you have invested? Probably not. Instead folks invested in ISP services like Compuserve. That's what is happening with Bitcoin. Folks are investing in mining rigs with much more than the 150M USD Bitcoin capitalization. So realistically, Bitcoin has a market cap of closer to 300M and is growing. When ASICs come out many miners will use the money they spend on electricity and buy bitcoins instead. Many more will get into the game and we'll see another surge in market cap.

...

If the mining subsidy is such a small percentage of trading volume why is this issue a concern?

Im sorry if this is a stupid question, but how can bitcoin help a country like those on the list above? I mean this with sencerity because I thinks its interesting. I was thinking that it could help those with what little they do have hide it, so it can never be taken from then. I guess it would be the safest way for them to protect there money.

Im really intrested In this so i guess the first step Is do some research on what issues plague the finicail part of there country or its economy and then look at bitcoin to see how it could help?

Sorry, I wasn't clear I guess, not 6% by bitpay, but for other exchanges. Not all transactions are via bitpay.

Edit: I just checked bitpays stats out, 1% transaction + 2.69 to cash to bank. 3.69% is a huge percentage. It might not seem like a lot, but if you do $100,000 with normal processors at 1.9% you're paying $1900 in fees, bitpay is $3,690 in fees. Which isn't completely terrible, just stating lowering prices just because accepted in bitcoin isn't logical.

Right it might be cheaper to accept bitcoins, like bitpay at 1%, but its also like 6% to change the currency to usd.

You don't happen to be in SW London do you?!

Around the same time I'm going to be looking for somewhere new to rent and was considering requesting a landlord to take Bitcoin on Craigslist.  I managed to persuade my current landlord to take one casascius 25BTC physical coin in part payment one month but he doesn't get it and will simply leave it in his safe for the foreseeable.  Better than nothing but ...  the whole of my rent monthly in bitcoin? - now that would be good.

every time i look at the chart i here this song in my head