How the crypto-currency could become the internet of money
I partly agree with Wenchuan about his opinion on the prospect of bitcoin. People’s perception of value is important, but currency, as a special goods that represent universal equivalent, should be goods whose value is fixed. In addition, currency should be under control of government in order to keep the economy move smoothly and to maintain order of the market.
Another problem about bitcoin is that its amount is limited. Though inflation can be avoided, but problem of deflation is obvious and severe. If a currency cannot reach the standard of production, the currency cannot become currency.
I do not think bitcoin can become currency.