Bite Coin has NO LEGS.
1. First exactly what is it? Most people do not have a CLUE. How long has it been around, it certainly
has not been around long enough to have a proven and verifiable TRACK RECORD.
2. Human Nature dictates that in any kind of collapse of an economy and currency people will want to be able to touch it and feel it in their pockets. They will opt for hard assets like GOLD AND SILVER becase it has a 5000 year history of being used as MONEY. It has an accepted track record..something you can trust.
3. The modern amenities including science and tech let alone the economy itself which is dependent on multinational supply chains is FRAGILE. Those amenities etc require a lot of money to maintain and do R&D. Without a viable money/currency the ability to pay and keep those systems fall into disrepair, collapse and eventually civilization itself regresses..This is know as the Atlantis Paradigm.
http://forums.pelicanparts.com/off-topic-politics-religion/1069041-atlantis-paradigm.html
With this in mind Bitcoin is a novelty act.