re: Looking for Bitcoin info

It doesn't matter who accepts it or how many businesses accept it. That isn't its purpose. It is an alternative to gold. You don't ask what merchants accept gold before buying it as a wealth preservation tool do you?

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Is a physical commodity, it has wide range of uses from electronics to jewelry.

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The value of its physical nature is a miniscule fraction of its price today. Something like 90% of gold's price is due to its wealth preservation properties.

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It has backing by all governments of the world.

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Nothing is backed by gold anymore except perhaps a handful of small currencies.

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Doesn't rely on a network of computational power for it to work

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This is a benefit of bitcoin, not a negative. Next time you want to exchange your gold for something, what do you do? Where do you go for this? If you want to take over $10,000 with you abroad or back to the states, you carrying it in your luggage?