At the moment its highly centralized and has no purpose other than cambling with it.
lol centralized?? what on earth are you talking about?
Kergecoin is right. Look at the richlist: it used to have quite a lot of pre-10k account. Now, not anymore. Heard of Gini index? If not, I urge you to google it.
As far as I know, there is no diachronic BC richlist (only archive.org could provide one, but only in six months from now), so I can't prove my assertion, but I am fairly confident that BC distribution is getting less fair everyday. Now, don't get me wrong: that may be the case with every highly speculative coins (mintcoin last month, vertcoin and dogecoin the month before...) and it may be a temporary situation. I honestly don't know. But what I do know is that for a coin to achieve widespread use, it must not be centralised to much.
(btw, any argumentum ad personam - like related to my official position - will be ignored; I will only reply to argumentation related to what I just said - namely centralisation, Gini index and merchant adoption)