So long as the community around bitcoin is only interested in denominating the value of their goods/services/investments in USD instead of BTC bitcoin will remain a penny stock and have no chance of becoming a currency. The deflationary nature is a very bad thing for a currency to have and you are all slowly seeing why (while still not connecting the dots and continuing to think bitcoin will actually be a world currency one day). You're so close to getting it.
You tend to forget that bitcoin is really really young and little in capitalization, hence, it is unstable.
It will stabilize over the years and then it will be more easy to use for a greater variety of day to day transactions.
Gold is deflationary but nobody sees gold as bad!!
Yes, of course. Goverments and bankers couldn't confiscate people's belongings via inflation. Don't you agree?
Bitcoin is not a currency, it's a storage of wealth, a commodity like Gold with currency like attributes (easy to transfer, etc) but it's not a currency.
You know how I know it's not a currency? Because it's hard to sell anything in bitcoins now... because everyone believes they can buy 2 of that same item your selling in a week.
