Exactly, good catch @MerkleTree . There are other factors that play into bitcoins / safecoin / altcoins efforts to satisfy those monitoring its ability to mimic the vital characteristics of money. The factors include government regulation, but it’s really a confidence game. The rules that insure a level playing field in securities, forex markets, etc. are absent in crypto and - as evidenced in our very own maidsafecoin - price discovery is dominated by the “whales”.
And who knows if/when Satoshi’s 1 million coins will hit - all at once? Never? Doesnt matter, they can.
No one can trust that crypto market manipulation will not continue to pervade. The mere fact that anyone can offer up nothing more than a fancy looking crypto-buzzword-website as a legitimate prospectus and actually create an asset - bringing great wealth to the creators - who then become whales and instantly exchange - at any price, because there was no cost - for another more mature asset- rinse, repeat. This is example of how far away we are from maidsafe or any coin being a solid store-of-value.
The efforts the Winklevoss boys have put into (still trying) to satisfying the SEC for their ETF are an example of hoop jumping necessary.