Ok, first thread, so I decided to use a linkbait title. I have several issues with BTC right now so maybe some people can help me. Disclaimer: I'm in now way an economic expert, so I might be completely off.
- The short term issue of BTC is clearly stability. Prices tend to fluctuate too much, especially when the general public reads about it and suddenly buys some. - As no country/state/city/physical place recognize BTC, all prices are just converted from USD, especially for physical goods. - It is impossible to live off BTC.
Is the combination of those factors too big for BTC to be a successful currency in the future? Will BTC remain a currency only used by a few to buy things, and by the others to trade on MTGox and the likes?