[GFischer]

In the "not completely fungible" part.

It is apparently hard to trade that many bitcoins for the equivalent amount of government-backed currency or goods.

To be fair to Bitcoin, it's not the only "currency" with that problem... during the Argentinean crisis, many local governments paid their workers with alternative currencies ("patacones" and others) which rapidly devalued.

http://en.wikipedia.org/wiki/Patac%C3%B3n_(bond)

[maaku]

You're talking about liquidity not fungability. But regardless Bitstamp's 24 hour volume yesterday was 32,799 BTC. Trading that much bitcoin is not really a problem.

[GFischer]

I stand corrected :) both about fungibility and about the trading volume.

[andrewla]

I think you mean the liquid part, not the fungible part.

[GFischer]

You're right, I stand corrected :) .