[panarky]

> it's worse in every way except for the fact that it is not operated by a central authority

National currencies are better for buying a cup of coffee and paying your taxes.

But over the last 9 years, Bitcoin has proven to be a far superior store of value.

Maybe Bitcoin's role will be as a reserve currency, the "gold standard" of both national currencies and cryptocurrencies.

Bitcoin is slow, stable, secure and reliable. So save in Bitcoin. Move large quantities across borders in Bitcoin.

But do routine transactions in whatever is most convenient for each transaction.

Ubiquitous usage by "the masses" to buy coffee isn't what makes Bitcoin valuable, since that's not its role.

[notahacker]

I don't think you can call a commodity with wild daily price swings a "superior store of value" just because for most of its first few years its been on a speculation-driven bull run.

If what you want is something which holds its value from day to day and is secure against normal levels of inflation, bonds and interest-paying savings accounts have been around for a very long time

[BenoitEssiambre]

You find Bitcoin stable?!

[panarky]

Bitcoin volatility is far lower than other cryptocurrencies.

And despite its 500% price appreciation this year, Bitcoin's volatility is much lower now than in years past.

Here's a chart of volatility since 2010: http://imgur.com/a/CY1j6