When bitcoin is traded latency is time consuming and will become astronomical if it did as many transactions as the US dollar. Also if traded as heavily as the US dollar not only the latency would be a severe problem, but the power consumption which even at this point is astronomical per transaction. As these two problems get continually worse with rising volumes the value changes making for futher instabiltiy for the value would change creating even further problems. Add hacking that would increase because of these factors and you have a near total disaster. Bitcoin at best is a dangerous experiment left to people with money to loose. An unregulated currency would become ever more dangerous in many ways as its adoption increased. I welcome further comments and discussions on this.