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OK I see that it could actually work now.
You forgot to mention a bitcoin is divisible down to $0.00000001BC
So even though you have to pay the select group of miners to join the economy, AND there is only $21,000,000BC maximum, these 2 variables work in tangent!
i.e. say 10,000,000 people use bitcoins, then the average persons wallet would have only $2BC!
So $1BC might be worth $1,000US in the future!
Or $1US = $0.001BC
So there's a DISTRIBUTION PHASE and a CONSISTENT CURRENCY PHASE say in 3 to 10 years time.
A bit like the population mining gold and minting our own coins.
I think I would have gone with $21 BILLION Coins, or we might end up using MicroBitCoins instead!
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