Can anyone provide a strong rebutal to this article?
http://dealbook.nytimes.com/2014/01/22/bitcoin-a-fools-gold-standard/?_php=true&_type=blogs&_r=0
For me the future of bitcoin doesn't involve it being the world's currency but it being a store of value - similar to gold. Gold is worth >$4trillion. If bitcoin were to capture 5% of it's market, it's value would be >$200billion. If anyone can soundly explain how bitcoin of limited supply would positively-act in a crisis, then I'll be convinced bitcoin should be the world's #1 currency. It's my understanding that during a crisis owners of a commodity with limited supply, tend to hoard, causing spending to stop and deflation to take place.
Look forward to the communities comments
Peace
