I don't see another way to bootstrap a new currency. BTW currently the whole bitcoin economy is 1/30 the size of e-gold reserves in 2007. So to be at least lik

I don't see another way to bootstrap a new currency. BTW currently the whole bitcoin economy is 1/30 the size of e-gold reserves in 2007. So to be at least like e-gold it has to rise 30 times current price. If people hold the currency to get twice next week, than this logic apply to dollars too. Why spend dollars today, if you can convert them to bitcoins and spend twice the amount next week? Either this logic works both for bitcoins and dollars, or don't work at all. You can hedge BTC value on exchange instantly via exchanges API, i think i explained that in the previous post. That is the reason we need a high volume exchanges (currently mtgox have around $10000-$50000 volume per day). Merchants do it automatically, not by hand. I think we'll see a bitcoin billing soon, that will help to do this without programming knowledge. Of course there are a lot of difficulties now, but how will you explain, that amount of traders is rising despite all this difficulties? Compare this page https://en.bitcoin.it/wiki/Trade https://en.bitcoin.it/wiki/Trade from the February and now.