Thank your for this write up, question though do you have any concerns about the uses of bitcoin being eaten away? It seems to me as a user of bitcoin starting in the end of 2011, that we have seen a dramatic decline in usefulness of bitcoin in the last 2 years. Less businesses are accepting it and using it as a speculative vehicle is becoming more and more costly and regulated.
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While it's easy to see the decline over the past two years, I do believe we will see a "resurrection" period so to speak. I don't believe it will be this year and most likely not the next. Currently, big banks and other firms who could have "real world" use using the blockchain is too afraid to adopt bitcoin or what have you because of it's volatility - and rightfully so. Because of what blockchain has to offer, I don't believe we will see bitcoin being eaten away. In the long run, Bitcoin itself may fade away, eaten by its competitors (lightning network, raiblocks, coins that offer more transactions per block), but the usefulness will definitely come full circle and we will definitely seeing more use in the future. That's just where I stand and could be wrong, but this technology is too big to pass up now. Thanks for stopping by!