Bitcoin is nothing but a vehicle to get money out of China illegally complicated by the fawning of teenagers who see it a way to rebel and also by speculators and a few crazy Ayn Rand believers who doesn't realize what she wanted would be hell on earth (just google the words venezuela ayn rand). Did I leave any of the loonies out? I think not.

There's no legal, useful application of it. Just none. Every time I ask, people come and say but... but... international transfers! and I point it out that for that transfer the sender needs to buy bitcoins, transfer and the receiver needs to sell them because there is no legal, useful application of it :) And this is untenable, you can't have the receiver go through hoops to receive money. And when I compare this to how Transferwise combines a fantastic user experience with favorable rates (which I actually compared to an FX company not to a bank) then I am a Transferwise shill despite it's usually not me who brings up the transfer argument so I now I did just so we don't need to have that conversation again and again.