This is the most contingent claim for a medium of exchange...that you can exchange it? Were forex markets somehow not functional?
Nope. That's only half the transaction. Buying bitcoin only gets me bitcoin. To spend, I need to re-convert. Can't elide half the problem then say "it's simpler".
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You're ignoring two points: 1. I started this conversation by saying what I"m talking about here is the *potential* that people see, not the current state. 2. We have veered into talking about a degenerate use that is still interesting (decoupled value store).
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I keep trying to tie the potential to problems you can observe that are worth solving. If the point is that people will believe fantastic stories when they aren't investigated thoroughly...then yes? Checks out.
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