Personally, I think it’s largely a honeypot meant to encourage widespread acceptance of electronic currencies with permanent ledgers that are not convertible into cash. If it were really a threat to central bankers, I think it would be hunted down ruthlessly and its operators/users legislated against as viciously as drug trafficers. The fact that its not makes me raise an eyebrow.

When you see headlines of major people being busted for using bitcoin, the people are often dead and the story makes them all out to being conveniently careless. It sounds like the blue men have a backdoor but need to launder their methods through less explicit ways so as not to scare away the people who believe its secure and anonymous.

But worst of all, when I ask people who are convinced by it to ask me what is its inherent value and whats a fair price, no one can give me a straight answer. Its either a bubble ready to pop or a global currency fore runner imo. Id be interested to hear your take.