The author makes really good points about Bitcoin's viability right now as a day-to-day currency. The conclusion at the end, that "What Bitcoin really needs is

The author makes really good points about Bitcoin's viability right now as a day-to-day currency. The conclusion at the end, that "What Bitcoin really needs is a central bank to stabilize its value" comes out of left field. No matter the difficulty, the goal most consistent with those of Bitcoin would seem to be to create a cryptocurrency that has a reliable built-in inflation/deflation mechanism. I suppose such a creation would amount to the perfection of money, for whatever that's worth.