[narribbi]

> I really dont think bitcoin is a viable currency for mainstream use.

Bitcoin is not a replacement for paper money, but for digital money. Only in developed countries, digital money is in mainstream use. Outside, the majority of people are "unbanked".

The problem with digital dollars is that government and banks can create them out of the fricking blue. They effectively do that -- all the time actually -- while in the process debasing and devaluing the dollars that you are holding.

I got many of my bitcoins a few years ago at $250/btc. Now they are almost $1500/btc. I think that bitcoin is a very viable digital currency. Seriously, I am not willing to exchange them for liberally-printed digital dollars.