[trancehead]

I myself am not totally sold on bitcoin but am looking at it in a good light

Here is the otherside of the equation anyways:
What makes anyone think the Canadian dollar is secure as well?
For instance, money in the bank is a NUMBER on a machine. Money that a country has is a number on a machine. Cash flow is a number on a machine. Sure there is a pile of money somewhere in a reserve, and this money pile is to be TRUSTED by other people when it is reported that a bank may hold X amount of physical dollars. Numerous times we have been shown that this trust by a government or any other body with conflicting interest...that this trust cannot be absolutely maintained.

--and expanding on this reserve concept: these physical bills have no intrinstic value. it is just a value that is given to it by a body of people. So lets think about it, we have a monetary system that is backed by items that have a man made value assigned to them...which is to justify the value of the currency itself. Circular

When the US does Quantitative easing, thats just playing with a bunch of numbers. And these numbers are later then translated into a currency that is valued to a certain degree internationally. You can argue bitcoin is the same

Numbers in the bank can be hacked as well as with any other currency. Maybe Bitcoin is more secure from a technological and algorithmic standpoint. Difference is, is that the government backs this up with forces of millitary might

But on the other hand: time and time again, we see people overtake governments not by pure military strength or technological advantage, but by mass numbers of people. revolution

And that same analogy can be applied to crypto currencies.
which is done by distributed computing...amazing