Bit coins the new currency?

This half hour video to introduce yourself to it. https://www.youtube.com/watch?v=yi2WgeJ73IE&feature=youtube_gdata_player Thoughts? I think it is good to have different currency. Bitcoins seem to actually regulate themsleves. Also they allow for other currency to rise up which I like if you know the history of currency.

I like how it's decentralized, but what I don't like about it is that you could lose all your Bitcoins if you were hacked. I mean sure real currency has the same issue but just with people robbing physically, but you know. D: Hopefully it'll become more widespread and accepted. I think it's a little better than our currency that is just debt now, and not "real money".

Yes, I absolutely hate how our entire current system has basically become a debt based one that is hell bent on discouraging savings. The fiat dollar and monetary policies pushed by lawmakers and the federal reserve system is based on nothing and for the first time in history other countries have figured it out and demand for the dollar has dropped as countries have begun to switch away from the dollar as a reserve currency. This has never happened before and will likely continue as we continue the same thinking that has led to a weakening of the fiat dollar in the first place and for the last 100 years. I am actually fairly ignorant on hacking and never gave it thought on the bit coin subject. However I had a thought just now, our current system actually relies mostly on internet based or at least computer based money holding and transactions so therefore the weakness of bitcoins is the same as the current system in that regard, right? If correct this means bit coins only real weakness is not unique to bit coins.

There's some serious issues with the bitcoin as a primary currency, not the least of which is that it favors early adopters (who got to mine when mining was easy) and those rich in standard currency (who can build mining rigs). Also, there is a finite number of bitcoins possible to mine, which means that some people probably will not mine any before they are all mined. This creates a clear divide of people who want to adopt bitcoins and people who do not want to adopt bitcoins. Also, this http://www.wired.com/wiredenterprise/2013/06/bitcoin_retai/ It's a short explanation of how accepting bitcoins makes a business vulnerable to being analyzed by competition, because every transaction is public. One last problem is that there is no good answer for "how valuable is a bitcoin?" It's already become a hot commodity for trading, which makes it hard to use as a stable currency.

See your first sentence answers alltthese questions. Bitcoins are not ment to be a primary currency, just "another currency". This is where I misunderstood at first as well and came up with many of those same criticism but unlike the dollar the idea of Bitcoins are born out of competing currency which in this modern day is a fantastic idea.