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its all fun and games until people really start cashing out.

Or until people realise that many around them already have BTC or ready to accept it as payment. Then who needs dollars?

I think you seriously underestimate the demand and use of dollars.

This. Wordpress, Reddit, even Expensify are but a glimmer of how much trade goes on with dollars in the world.

I not talking about demand in dollars today. I'm talking about future demand in dollars by those who get understand Bitcoin.

Anyone who wants to pay their taxes...unless they enjoy wasting money on currency conversion fees which frequently exceed 5-10% of the amount converted.

Governments already know how to deal with foreign currencies: they simply make you convert your foreign-currency-denominated income into the local currency for purposes of calculating taxable income.

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