[WheelsAtLarge]

Bitcoin can not be a replacement for any currency. It has many problems. One big one is the inability to issue new coins when everyone panics and decides to hold it. When no one spends money, economies collapse and things go from bad to worse very quickly. We need a way to issue emergency currency to get things moving again.

Money is so ingrained into people's lives that they think it has true value. The fact is that it represents people's work and efforts. The funny part is that without it no one works together. We need a currency that lets us better work together. A currency with a fixed amount will increase the competition to get it therefore increasing disparities. Another funny thing about people is that we dislike to share so those who have will be less likely to share since they know that it's going to be so much harder to get it back. It can't work to make a better world.

Bitcoin is the start but we'll see a better coin with better properties that will make it a true replacement for the Dollar in the future.

For now, its role is and will continue to develop as a digital replacement for gold as a store of value.

[patricius]

New to Bitcoin, I guess?