[ramontayag]

Yes, it may feel volatile, but how volatile is it compared to other currencies? For example, my country's currency fell 10% in the last three months.

Intrinsic value discussion aside (which is its own discussion worth having), I would certainly like to keep more of my money in gold vs my local currency if gold were easy to get and keep. Peter Schiff says goldmoney.com does this, but I'm not interested in owning a certificate.

You bring up a good point though. The closer I imagine ourselves being at the event horizon, the fuzzier the details become. For example, I don't know what "stable enough" is exactly. I guess the question is now, will it ever get close enough to go past the event horizon?

[BenoitEssiambre]

The crucial thing is that as you get near this "event horizon" you get close to a point where cryptocurrencies would be macroeconomically destabilizing in the same way gold tied currencies were destabilizing in 1929.

I don't think crypto-currencies will ever get that popular though. It would require governments to be on board and foolishly march towards the 1929 thing again. But you never know, as they say, history rhymes.

[ramontayag]

BenoitEssiambre, what are your thoughts on http://woobull.com/bitcoin-volatility-will-match-major-fiat-...?