These are all good points except for the idea that it won't be used like normal money. The speculative environment and price volatility resulting from that, is all by design. The mining incentive creates a "boom" environment to help bootstrap the currency.
Now, a few years later, BTC is blessed by regulators. The next phase of world domination is for the governance model of Bitcoin to start to seem far better than fiat governance models. This is just a matter of time.
Now, a few years later, BTC is blessed by regulators. The next phase of world domination is for the governance model of Bitcoin to start to seem far better than fiat governance models. This is just a matter of time.