NICK SPANOS hit the nail directly on its shiney head when he stated that bitcoin is filling a massive niche. That niche is people who don’t trust/want credit card companies, banks and other financial intermediaries TO KNOW WHAT THEY BUY, WHEN THEY BUY, AND WHAT TIME THEY BUY GOODS AND SERVICES!
Spanos called this segment of the world population the unbanked. Nick’s neologism for those who do not trust financial institutions will stick. ACH transactions take 4 days to process and will get slaughtered by BTC!
Minor Hiccups like bitcoin ATMs in Albuquerque NM USA taking your USD without giving you BTC will not slow down the world’s number one crypto currency!