[Firecracker]

Looks like the bitcoin comment got killed, but I want to revive an interesting point at the heart of it:

Big monetary swings like this do bolster the case for it as an inflation-resistant value store...like gold (or stocks), both of which have risen quite a bit this year.

[simonh]

Ive come to regard gold as super-bitcoin. In theory they could be considered similar as value stores and hedges against the economy, but BTC is just way too volatile and unreliable.

Maybe in a generation or two things will be different, but at that point do we need both? Right now I'd say gold is much safer, but long term BTC is much more convenient. The comparison reinforces y opinion that BTC, despite it's relative ease of transaction, is more like an asset than it is like money.