dependent on the Internet. It is also GLOBAL.
That means things that happen in one country, such as power outages, repressive laws, etc. don't destroy Bitcoin at all.
Really, people, Bitcoin has been going since January 2009. It is now almost a full 4 years later and the price has only increased from a few cents to now over $12 per coin. Don't you think most every question possible has been asked by now?
Bitcoin price over time:
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