[epscylonb]

1) with enough widespread adoption this would be smoothed out, after all the value of the dollar against other currencies is not static either.

2) yup, this is a problem, though I believe technically it should be a capital gain in most countries.

3) This is also clearly a problem though not an unsurmountable one. The cool thing about bitcoin is that you don't have to run the wallet locally, but you have the choice of doing so if you want to. With widespread adoption I believe you would see banks who host wallets, this is how your average person would interact with bitcoin. The final piece of the puzzle is bitcoin insurance to guard against a nefarious wallet hoster, we don't have this yet but there is no reason why it can't be done.