Silver at 29 ,Bitcoin at 30. this is no-brainer..

Crumbs,

You do know the difference between money and currency right? Money is a meduim of exchange and a store of value. A currency is only a medium of exchange but not necessarily a store of value. Thats why I have been using the term money when describing gold and bitcoin. You have yet to use the term currency when speaking of fiat, which is a more accurate description.

I'm a patient, softhearted guy, but you're really beginning to try my patience Angry

This is it -- your last chance:

"Money is any object or record that is generally accepted as payment for goods and services and repayment of debts in a given socio-economic context or country." --Teh Teachings Of Wikipedos

That's what money is.
That's where gold and bitcoin fail.
There is no country in which gold or bitcoin are "generally accepted as payment for goods and services." Gold was once used, but, alas -- a defunct technology. A relic. No moar.

A feeble case could be made that bitcoin is accepted as payment in a particular socio-economic context -- amongst bitcoin users.
Fair enough, though we've certainly cut our path unintentionally wide: Dope, in that case, would be money amongst strung-out dopers, shoes amongst shoe fetishists, etc., etc. That's what the nerds call Reductio ad Absurdum.

The Dollar, on the other hand, fits the learned Wikipedia definition to a T.

And that's what makes Teh Dollar ... Sound Money. Cool

Whay you are describing is fiat currency, not sound money. Explain the difference between money and currency if you can.

Please consider an adult education class at your local continuing education facility.
You have exhausted my generosity.

Try this, since you love Wikipedia, and used the term Sound Money: http://en.wikipedia.org/wiki/Sound_money

Even though it redirects to hard currency, which to me is a subset of sound money, it specifically mentions store of value.

You've answered your own question. The dollar is prominently featured as an example of hard currency, being the de facto reserve currency of the world. Both gold and bitcoin are notably absent.
Did you assume Sound Money to be a phrase trademarked, reserved & copyrighted by crusty Austrian misers?

You fixate on "the store of value." Sure, the dollar stores value. This does not imply that it stores it indefinitely any more than a battery, designed to store charge, will hold it forever.
While losing charge is an undesirable quality in a battery, for the dollar it is an exactingly engineered feature. Its architects dubbed this quality inflation, and i've graciously described it in an earlier post for your edification.

As the de facto reserve currency of the world, the dollar's value is Teh Standard -- the yardstick by which other, lesser currencies are measured. As The Standard, its value is immutable Cool

Finally, let's not lose track of the fact that The Dollar actually buys things -- the very hallmark of moneyness. Something neither bitcoin nor gold are any good at now that DPR has bid us adieu Sad

What are you arguing? That the U.S. Dollar is worth something?

We all know its worth something. Its just that most likely it will be worth less than what is worth now a week from now. As you mentioned it is "engineered" to do so. I would rather have just enough of the U.S. dollar to buy things with and store the rest of my wealth elsewhere. That's why BTC as a store of wealth is a vastly greater opportunity than as a replacement of the U.S. dollar.

Let the U.S. dollar inflate and let my wealth grow faster than that decrease of the U.S. dollar. Meanwhile, BTC can be a growing niche currency, a way to create frictionless transfers of money and mainly a store of wealth. I'll be happy with that evolutionary cycle.

Are you even paying attention?
Are you saying anything that i didn't say already? Only a fool would hoard dollars. Said that. Only a fool would expect the dollar to be worth as much tomorrow as it does today. Said that too.
What, exactly, do you find issue with Huh

I use and trade bitcoin -- why in the world are you preaching to the choir?