[jfaucett]

The primary utility of money is this: it is the good that best lends itself to exchanges for other goods.

Its been clear to me for some time now, and I'm not alone in this, that as the properties of Bitcoin have moved further away from its primary function as a useful unit of exchange that its usage would decline.

There are other crypto-currencies which are now much better suited as a medium of exchange, which ones people will prefer as time progresses remain to be seen, but unless Bitcoin takes a major corrective path, I would be quite surprised to find Bitcoin in that final set of widely utilized currencies.

[andrewmcwatters]

Isn’t this issue inherent in its design? If you can only have 21 million Bitcoins, the value will skyrocket until the currency is worthless.

[ttoinou]

It's more than 21 millions since bitcoins can be divided. And no, it could serve as a digital gold / long term investment, and others crypto currencies could be used for day to day transaction