Strikes against it:
- It's burning a massive amount of resources and that is just increasing
- I don't have the stats but I imagine the exponential growth in Bitcoin/coin prices is mainly from people using it as a pyramid scheme/casino not simple an upticl in usage
- A transaction is still pretty trackable (we know where the mt gox money is, yeah?)
- Over 60% of bitcoin mining takes place in one country on specialized hardware, not terribly decentralized anymore