My entire point is that you need to just stop right there. Why would everyone start to accept bitcoin? It's complicated, and it offers zero advantage over federal reserve notes to 99.99% of people.
Because it is not controlled by the U.S. Federal Reserve, which is neither federal, nor a reserve, but a form of fractional reserve banking system built on usury. It it is a bit more complicated. But it has to be because it is a distributed system. Just as torrents are more complicated. But do you deny that the bittorrent protocol isn't wonderfully elegant? The more people want to get a file, the faster it goes. The inverse is, a centralized server where, the more people want a file the slower it goes. Its the same for bitcoin. Decentralization makes the system better able to handle load, more robust and puts control in literally, everyone's hands instead of those of just a few. Just look at what happened when a tiny few people controlled the fed. 2% of the U.S. Population now owns 80% of the wealth. It's a pyramid scheme.
The only drawback I see with bitcoin is, people who are currently entrenched end up the most wealthy, or those who use current currency to buy into it end up the most wealthy. Still a pyramid scheme, just different masters. There has to be a way to inject value into the system and convert it into the fiat currency that is bitcoin. Perhaps I do not understand the project enough yet to know, but the scary part is, I'm afraid to even run the client for fear of being arrested by working on a currency system that is not owned and controlled by the Secret Service, FBI, and The Fed. The law is on their side, and they're frighteningly powerful besides.
Do you have any idea just how much your life would suck right now had it not been for the banking system bailout?
No, and neither do you. How it would have shaken out is pure speculation for everyone. Now that my money is in a credit union rather than a bank, I am immune to bank failure. How? A credit union isn't a bank! They're not part of the fractional reserve system of usury, but a local system that is available only to people in my area. We are all stakeholders and all derive interest from our savings and others' savings. In other words, it's a distributed system with a central authority for convenience, not profit.
I'm talking about your life. Just read up on previous liquidity crises where the federal government did not step in, and look at what happened to the common man like you and me.
I would rather have a temporary liquidity crisis than a permanent pyramid scheme. The liquidity crisis can be solved by a distributed currency system where the benefactors of interest collectors are the people who put the value in, instead of the bankers. Banks are bad for humanity. Credit unions and distributed systems are good. If you don't believe me, stop using the internet, because you don't believe distributed systems are good for humanity.