Bitcoin Forum

http://cointelegraph.com/news/112462/finance-professor-david-yermack-argues-that-bitcoin-should-not-be-considered-as-money

There's a lot of basic financial data that suggests that, in terms of being a store of value for instance, Bitcoin is very volatile on a day to day price," argued Yermack.

The professor noted that Bitcoin was probably more volatile than any other financial assets, adding that the digital currency tented to fall almost 10% on a given day, which makes it much more volatile than any other currencies that are being traded on the markets around the world, as well as gold and shares of stock.

Yet another Professor Bitcorn.

New York University Stern School of Business finance professor David Yermack expressed the 3 attributes of money as being a unit of account, a medium of exchange and a store of value. "If those are the 3 benchmarks, Bitcoin doesn't seem to perform very well in any of them," said the professor.

He attacks bitcoin on all 3 parameters!!

Already posted.

https://bitcointalk.org/index.php?topic=767765.msg8663568#msg8663568

Haha. Well, it is a currency/money regardless or what he says. Doesn't everything fluctuate when you peg it to fiat currencies? Even they themselves lose and gain value against each other. 1 bitcoin is also worth 1 bitcoin at the end of the day.