Gold used to be a currency. Bitcoin is virtual gold. Why would it not be suitable to trade with?
Gold is suitable to be traded... no one is saying it's not... Bitcoin is a gold coin that comes with a super sharp knife... you can cut it into small bits and hand them out to buy things... but with increasing value it's not going to be the preferred payment method of the consumer. HOWEVER it's potential is similar to gold.. as a method of storing wealth.
True, bitcoin is a commodity, but a commodity that can instantly be teleported everywhere in the world and be divided up to the satoshi. This make the bitcoin good to trade things. You can buy a new tv with bitcoin on tons of websites that accept bitcoin.
Would you spend 5 bitcoins on a TV today, knowing that in a year you could buy a house and a TV with those same 5 bitcoins?
Hence the problem..... there is a reason all these central banks deflate the currency...
It's also why Bitcoin businesses are at an extreme disadvantage , other than legit gambling and trading businesses which people use those to obtain MORE bitcoins, not use them in commerce.
It's like opening a store that says "we accept only Gold and Silver Coins" -- again it's cool... but that business is going to have to compete hard for business... against one that accepts ever decreasing value dollars.
