re: 40% of Bitcoin Exchanges Fail; only 30% of those refund your Bitcoins...

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Don't want to put words in Poodle's mouth, but I think it all comes back to regulation as he said earlier.

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I disagree that regulation will have any significant impact on crypto-currencies in the long term, but it may hamper its growth in the early stages.


Besides that, however, I think a good discussion to have is this:

What defines success for bitcoin? If it operates successfully for 10 years and then is replaced by one or more crypto-currencies that are better, does that mean bitcoin was a failure?

If it succeeds at opening the crypto-currency door, and leads to a long term change in the way humanity views money, is it successful even if it's a footnote of history?

To view it another way: Was the original incarnation of Napster a success or failure? After all, it did get shut down....but it also created a major paradigm shift and led to the develop of protocols like BitTorrent which are still going strong.