Is Bitcoin a Viable Currency?

“We can’t know what the market will choose as a currency in the future, because it is entirely dependent on peoples’ values. We don’t even know if people will continue valuing U.S. dollars, much less bitcoins. But we do know that bitcoin possesses some of the fundamental properties that have made gold and silver successful currencies, and it even outperforms its competition in some categories.  It is no longer a question of whether or not people will accept bitcoins as a currency: They already do, and the community is growing. Will bitcoins continue to be valued in the future? Bitcoins certainly won’t rot, nor will the supply suffer from hyperinflation, but will these properties continue to be valued?”

http://www.fee.org/the_freeman/detail/is-bitcoin-a-viable-currency

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