Ding, ding, ding we have a winner, but why do they think the price is going to go down? Because bitcoin's value was blown way out of proportion by speculators and the mt gox fraud, now it will go down to the a market cap that is some where near what is need to facilitate trades, which is like 20 bucks.

Also I think Russia is getting out this week: http://www.coindesk.com/russia-proposes-fines-bitcoin/

... I dont say it is a failure because it hasn't made me rich, I say it is a failure because it cant replace government issued fiat.  

For sure, I am not saying that digital currency is a failure, I am saying we have not made a digital currency we have made a digital asset. Virtual currency is thousands of years old the first currency was virtual in the form of a promise to pay.

Very surprised by your analyses, I think we might be in complete agreement. I am very bearish btc right now. I was getting bearish at 19. 

Two Kinds of Money

1.The Scarcity Model: A single uniform quantity in limited supply made valuable by its own scarcity.
In other words, the value of this type of money depends on the supply of, and demand for, the money commodity itself. Conventional definitions of money define money only in terms of this model, a "medium of exchange". Examples are: cowries, gold and silver, fiat cash and coins, bank credit, and now, in the model's purest and most spectacularly speculative form, Bitcoin.

2. The Abundance Model. A promise of something specific from someone specific made valuable by its redemption in real production. The value of this type of money is defined by the promised redemption in goods and/or services. As such, this type of money is promises of an indefinite number of non-uniform commodities in indefinite supply and, unlike the limited quantity "coin" concept of money, the total quantity of these credits in circulation does not affect their value, because the value of a credit is defined by what its issuer will redeem it for in real goods and/or services. Examples are: business-to-business barter credits, customer rewards, travel points, discount coupons, mutual credit systems.

Bitcoin, like everything, have an up and down of its price. Guys, it needs times for the people to accept BTC in their lives.
When i say times i say generation, because try to explain BTC to a person 70-80 years old..

If he did want to do a video about bitcoin it wouldnt have anything favorable to say. This is from Paul.

"1.The Scarcity Model: A single uniform quantity in limited supply made valuable by its own scarcity.
In other words, the value of this type of money depends on the supply of, and demand for, the money commodity itself. Conventional definitions of money define money only in terms of this model, a "medium of exchange". Examples are: cowries, gold and silver, fiat cash and coins, bank credit, and now, in the model's purest and most spectacularly speculative form, Bitcoin.

2. The Abundance Model. A promise of something specific from someone specific made valuable by its redemption in real production. The value of this type of money is defined by the promised redemption in goods and/or services. As such, this type of money is promises of an indefinite number of non-uniform commodities in indefinite supply and, unlike the limited quantity "coin" concept of money, the total quantity of these credits in circulation does not affect their value, because the value of a credit is defined by what its issuer will redeem it for in real goods and/or services. Examples are: business-to-business barter credits, customer rewards, travel points, discount coupons, mutual credit systems."

It looks like you might already know, seems that you are familiar with a lot of paul grignons works I am sure you have heard of his proposal for a digital currency right?

His proposal wont grow as quickly because there is no gain beyond using an honest form of currency.

http://www.moneyasdebt.net/

YUP +1