Bitcoin is dying Ethereum will overtake bitcoin in 2017 after the dao invests over $100 million in expanding the...

For sure. For the record, I'm not suggesting you go out and buy bitcoin. In fact, while I've got a small stake in eth, I'd be willing to bet on something like clearxchange over any shitcoin, at this point. I'm just saying that crypto is more like PayPal than it might seem at first blush.

>decentralized system most people who are involved in crypto want.
I agree with you here. People have already mostly made up their minds on cryptos. The concept of Bitcoin is already mainstream, even if the technology is not. At the peak of its hype in 2013-14, bitcoin had so much world-wide media attention that very few people are still unaware of what it is. At that point the public had a choice to make. Those who want decentralized systems and hate banks have said "yes, sign me up!". Those who think decentralized systems are outside of central authority and therefore less regulated and less protected (risky) have said "no thanks, I'll pass". The reality is that those in the second group heavily outnumber those in the first which is why Bitcoin never became maistream. Just because it is a new technology and a small group of people think it is better than the existing financial system does not mean that it will succeed. In fact, the more time that passes, the less likely it is that it will ever happen.

add to the fact that most normies thought they needed $1000 or more computers to own bitcoins. lack of knowledge also plays a major role in.
if you'd told them that, "hey, you provide a service, we'll pay you. this time in bitcoin, which your bank can't steal fro you and the govt. an't ask for tax on. So, would you like $ or BTC?" and i bet almost everyone today would be dealing in BTC.

normies need to be explained in terms they understand.

Also, the fact that corporations took over the mining business is what played an almost equal part in bitcoin not going as mainstream as we'd've liked it to.

i think we need a better system of managing e-coins than having everyone download 25GBs of data and burning their GPUs 24/7.
i think we'll always need a centralized system of management. or maybe some brainiac among us needs to come up with a cheaper and faster method to keep it decentralized.

personally a decentralized, e-currency sounds like utopia to me and i'm all for it.

Let me bust out my crystal ball...

>team slockit prove to be massive frauds and/or failures
>confidence in the DAO and any future proposals is shaken
>massive exodus as people cash out their DAO tokens back to ETH crashing the ETH price
>DAO is DOA and has taken ETH down with it

All irrelevant compared to the fact that it is a complete pain in the ass to buy bitcoins for a normie. They can give some company they've never heard of their bank account and routing numbers, upload their social security and drivers license cards, and wait ten days for the block chain to download before they can see if they were scammed or not, or they can meet some shady fucker in a truck stop bathroom after ten days of downloading and hope they don't get robbed.

>team slockit prove to be massive frauds and/or failures
>DAO doesn't vote for their shit projects, chinese millionaires decide otherwise
>DAO makes money
>nobody gives a shit about slock.it