The main feature of bitcoin is being decentralized, turning it into e-gold would be killing it.

Yes, things are getting slower, even in this forum and in the exchanges, with lower volumes.

But there are things happening, like the Dell stuff, and things take some time to gain critical mass and boom, so I would wait some months before call for bitcoin fading away.

August usually is a slow month, anyway, by september/november more things happens.

I think it feels a bit that way because the price has not been doing anything spectacular. Also, people who were maybe thinking about Bitcoin are just getting lazy again and rationalizing to themselves how their money is safe in the bank. We just need some news of bank bail-outs, bail-ins, or some other trigger and it'll wake people up to Bitcoin again. 

material backing.. formally known as tangiable or intrinsic are 'hype' words of the commodities market.

i am truly sorry that you are only versed in the commodities market. but WE bitcoiners are in the ASSET market.

digital property such as music, intellectual property, art, movies. have no 'physical' backing. but all hold value. these are all assets.

i wil now leave you to learn the differences of assets and commodities

have a nice day

No, and you should be ashamed of yourself. This is wrong on so many levels. Please go and do your homework.

bitcoin is not fading away. its just those moaning were hoping for a 2000% rise in 3 months. and now their getting bored waiting.. these people are not bitcoiners, they are fiat lovers waiting to get back to fiat.

they are not researching that the tax offices of multiple countries is declaring bitcoins a legal asset
they are not researching that US government has said its like gold
they are not researching that multiple international companies are accepting bitcoin
they are not researching that hundreds of thousands of smaller businesses are accepting bitcoin
they are not researching ......... the list goes on and on

they are just peeing their pants that bitcoin has dropped this month 10%.. yet from march onwards it has risen 50%..
now i see why the FIAT market asks its market traders to sit an exam. because sometimes proving you know something actually helps you use it properly.

Yes bitcoin is gaining traction.. That's why the price keeps crashing like a burning airplane without wings or engine...

Oh really ? Bitcoin does not need to be baked by the yellow metal. It is backed by a strong community that is growing every day. And FIAT exchange rate of bitcoin has nothing to do with bitcoin's true value. That is just an index for traders.

Bitcoin is hardly fading ...

More and more companies are accepting Bitcoin. The main problem is that existing Bitcoiners are HOARDING and mainstream adoption by consumers is lagging. But that will come around ...