> The fundamentals of BitCoin suggest that it is poised to grow far beyond where it is today, since more merchants means more users, and more users means more m

> The fundamentals of BitCoin suggest that it is poised to grow far beyond where it is today, since more merchants means more users, and more users means more merchants. This is exactly why Bitcoin isn't a currency yet: it's an investment on the success of the currency, and not a medium of exchange (which is cool, I have nothing against that). Being a proper medium of exchange requires some stability, because people don't like currency risk affecting their businesses. It's Corporate Finance 101: you hedge all risks not related to your main business. Anyone accepting Bitcoins at this point either has a 90% margin or is charging a huge premium to cover exchange rate risk.