Bitcoin fanboys have classic tunnel vision - they're so enamoured of the libertarian ideal of an anonymous crypto-currency that's not controlled by any government, that they ignored all the practical, economic and legal challenges it would need to overcome before it could become a real currency.I am always amazed by the condescending tone of know it all speculators who think they've got it all figured it out. Labeling bitcoin enthusiasts as fanboys is a trite rhetorical tactic to marginalize their opinions, but what's really hilarious is that your tense (they ignored all challenges, an obvious falsehood btw) seems to imply that you've somehow definitively demonstrated that bitcoin is destined for failure. Guess what? Bitcoin was chugging along just fine before the Chinese hit the scene, in fact, black market merchants had no problem accepting bitcoin as their primary source of payment long before the financial world had even heard of bitcoin. I applaud your risky predictions though (bitcoin will fail, the price will drop if a government clamps down on bitcoin, bitcoin technology will be used in future financial systems), truly marked insight, you should recommend a reading list.
Anyway, I expect you to headline the inevitable "Bitcoin Once Again Breaks 1k" thread with a post linking to your comment here, explaining why you were full of shit... Though, I won't hold my breath since intelligent individuals like yourself will always find a reason to consider bitcoin a failure until its adopted as legal tender (something that the "fanboys" realize is completely unnecessary for the success of bitcoin).