You're not giving yourself a chance to be openminded. Yes, this is a completely new technology, but in this case this is something which you would be interested in persuading that it works to yourself, because if you won't be able to proof for yourself that this protocol works, then nobody here probably will be able to persuade you. You're stuck with "It can't work", while you not even trying to understand why it works. Its like telling in 1990 - the TCP/IP is utopia, no way Internet will work, and even if it will work nobody will be able to use it, and even if everybody will be able use it, then it will be useless because speeds are so low (back then everybody used the modem).
Also when it comes to currencies/financial means there's no borders for Bitcoin now, and it will develop way quicker than everybody expect, because all the fiberoptics already there and technology is ready for deployment.
Yes some minor improvements needed to make it more friendly to masses. Yes way more examples, companies, organizations, applications, individuals needed for full adoption, but all of these will be built upon the existing technological layers. I saw conversations and disputes, mostly they're talking about "currency" properties of Bitcoin, while nobody pays attention to the protocol itself, and don't even think that it is the right technology.
Let's start it from the beginning. Let's imagine that there's no Bitcoin yet. Let's imagine that you know all the existing financial tools perfectly, you know the limitations of paper money and how it works, you know usability of the gold/silver, you know how those with power exploit their abilities to control 90% of wealth of this planet. How would you eliminate them? If everybody would have equal amount of money at the beginning, then it wouldn't solve this problem, because dollars are printed without permission. Now we know that printing is the evil. Society double-spends its funds constantly. Those fraudsters who counterfeit money, those banksters who print money both go against justice. Yes gold can't be printed, it would be awesome if everybody could use gold, but you can't transfer it abroad immediately without relying on third-party. If there would be such a third-party economy or technology which could serve as a gold-barter or something that would be good idea. And that's all the options which you can think off as a person who don't know how the Internet works. All of these thoughts in paragraph won't bring any use, except if you don't try to innovate along with new things which were given by this century: the Internet.
The Internet, welcome to the new world where people finally got the advantage to transfer the information immediately. Before Internet, it was difficult to imagine such technology which allows Information to overcome any borders on its way. You can't simply just ban information to go through in 21st century. You can try to manage it, but information is everywhere, and everyone should have access to any information the same way as everyone must have ability to share everything which he think is important, but people have choice whether they want to receive information or not.
The fact that you're still reading this lines is your choice. The fact that you're choosing to use such free tools as wikipedia is your choice. The fact that you're choosing to receive information from Bitcoin's blockchain is your choice. But you can't check whether the other information is correct, and you can't prove it mathematically, while with Bitcoin you've got your chance to be 100% sure about whether you can mathematically check whether the world/group of people is trying to fool you or not. The most interesting part about this is that you don't have to check this yourself - the Bitcoin software which you download is checking this for you, everytime you run it on your computer. And before you've downloaded this Bitcoin software on your computer 100 thousands of programmers checked the mechanism of this software, because it is open mechanism and open software, nobody can change even 1 byte of that software, and you can again mathematically check it - you can check it independently without relying on somebody's help just by comparing checksum (again it is cryptographical function)
I can prove you mathematically that it won't disappear, while you won't be able to do it otherwise. This technology is can't be uninvented. You can't stop it, because you can't stop the propogation of the information therough the internet. The same way you can't stop the Internet. You can cut your own cable at home, but if you'll cut the cables at your neighbor - he will fill the lawsuit against you, because it is unlawful to destroy property as well as restrict people from accessing vitaly important information.
While I confess that I'm fanatic about it and this is irrational part of it, I'm also mostly fanatic because of its rational sides.
And since you're such a Bitcoin non-believer, I don't judge you, but I have question for you. I already told that I can prove any part of my Bitcoin faith rationally, I mean mathematically. Can you answer me rationally which part you think won't work.
If you want to say that 2+2=5 and not 4, then you have 2 choice of saying that:
1) Because my parents told me that, your Bitcoin don't have historical proof, doesn't have support from banksters and FED (how it will if its new and its just appeared in 2009 - too new for money) and f*** off dude
2) The second way is explaining it rationally (everybody of course can do it differently, but most important is not how you did it, but imprtant of course the fact that you want a rational discussion)
Right now you're telling me that 2+2=5. And by following the 2nd (rational) path, I'll try to explain the most essential mathematical points which make it 2+2=4. If you will be able to tell me that any of this points are wrong, then you're proved that Bitcoin won't succeed.
Hereby I'm telling that Bitcoin is not controlled by any individual:
1) You can check the checksum of the Bitcoin client software which you download, this lets you be sure that you're downloading the right code on your computer (Average user shouldn't do this, because average user can just go to blockchain.info or bitcoin.org and this advice will lead in 99,9999% successful software download/wallet creation) This check is necessary for the times when some catastrophic events happened, like bitcoin.org was taken away by governments, or blockchain.info domain was shutdown for maintenance / was hijacked by U.S. government (is such threats even possible for those with powers in their hands?)
2) Your Bitcoin client checks the validity of all the blocks cryptographically this contains the records about every single transaction signed and depended upon the hard-cryptographical signatures which can't be faked by any software or individual. (It checks whether all transactions on the network which had been done previously from 2009th are valid - it is possible because all transactions are public and can't be faked) All of those checks done in background for user, it is very reliable technology. Using this chain of transactions, you can mathematically check whether anyone tried to created more than 13,000,000 bitcoins - and no one can go above those limits - you can own only existing coins. You can setup backup for this chain of transactions in your underground fascilities to be sure that EMP won't affect the money of the world. There's many projects in the world already which maintain such underground fascilities part of servers from which is used to store Bitcoins blockchain. Renting 1 server unit in underground fascility is affordable even for middle class, because few middle class people can crowdfund such opportunities.
3) Only you can own private keys. No money from the Bitcoin blockchain can be moved without your private keys - you should sign the digital order for that. Private keys are based on ECDSA technology which is open and description available on the Internet. ECDSA and similar algorithms are used to protect your government's A-Bombs, Nuclear stations locations. We would be blown by now by cyber-terrorists/hackers since nothing stops them in 21st century from leaking such kind of information, they would definitely use it to ask for rewards - since they can wipe out the whole state, city, country. Such things would happen way more often if engineers wouldn't be able to trust such reliable cryptography (those encrypted channels needed for emergency station controls - and such software is everywhere, on every nuclear station). If I would be terrorist, I wouldn't care that somewhere e.g. some nuclear station would blown like Chernobyl and probably already would use it for my advantage, but we still don't know such disasterous cases, because the cryptography is strong & reliable.
This is 3 most important ways you can check whether Bitcoin is just another foolish technology or is it really works as independent currency not controlled by any individual.
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