We need more viable Bitcoin businesses for sure and as Yona said, the money wasn't spent on Bitcoin itself but on Bitcoin businesses. BTCBuyer, your reading comprehension sucks
bitcoin will fail unless we have a bitcoin denominated economy. I would not want to a large quantity of bitcoin if i knews its value was attached to that of the dollar and speculators, and that my business and profitability relied on them sideshow freaks(speculators). Till then it is just a gamblers casino with no true fundamentals supporting.
It does bitcoin no good, its a hassle if I need to buy bitcoins with dollars, send bitcoin around the world, only so they can cash them out so they can continue to purchased goods for their business, bitcoin price falls.. Fiat wins.
Unless all goods and services are willing to accept a value volatile currency, which they wont. then bitcoin will need to be reset. which it can be if you miners do not act as central banks. The pesticide, the predator will find and eat you gold 2.0 bugs for lunch.
Back to the drawing board.
