Observing for these months, my strongest feeling is that Bitcoin is fading away with no material object backup. Apart from the geeks, ordinary people who first know about Bitcoin always say "this matter is vague and insubstantial".
Geeks have confidence in crypto-algorithms but ordinary people don't.
So linking Bitcoin to gold may be a good idea.
NO.
It is not fading away. People are still using it. Now the issue we face is that it is becoming worth less and less over time, but before it wasn't worth much to begin with. So currently we are still in an upswing position.
We need more things advertising in places where "joe six pack" will see it and read it. THey don't have to know what it is, just that they can use it.
