With the advent of the Internet, business models are changing. The incumbent currency will continue to fail to find footprints in the new cyber-based marketplace. It is time for a rightful player.

The notion that Bitcoins are inherently Used for criminal activity is a false argument. Everyday monies or what we give value to is used in the criminal world. Just because criminals use it does not make it a criminal currency. Criminals use the internet, that does not delegitimize the medium.

The current state of the price volatility is very true, I see this as growing pains and once stabilized Bitcoins will rival the current financial institutions.

As with any new product that shakes the foundation of the current non progressive system
there will be doubters naturally.

“Businesses need to make a choice. They can rise to the challenge of a new Internet-driven marketplace—and benefit from the expand- ed capabilities and higher growth rates that many companies are already achieving. The alternative is to follow in the footsteps of such industries as music and publishing, which held on to outdated business models for too long and are now dealing with competitive environments that have been re-
shaped around them.” The Connected World Greasing the Wheels of the Internet Economy