Comment Re:Root of It (Score 1) 156
If your definition of "easily exchanged" requires a techno-survivalist farmer, I think you need a new definition. One that substitutes crackpot for "Walmart". If you can go to Walmart and use Bitcoin, I will definitely accept that you can easily exchange it. However, if you really do have to go to your local anarchist/survivalist I will only say that you can currently only exchange Bitcoin, in limited quantities, in limited locations, for a limited stock of a limited set of items.
And no, the jump from crackpot to paying your taxes and water bills with BTC is neither obvious nor even likely, at this point. Right now, the rest of the world would need to get over the stigma that it is used to buy pot, CP, and is mostly used by fringe elements. And is highly speculative. And that the government hates it and while it will recognize it just enough to tax it, but they will never recognize it enough to be easily used to replace their own monopoly money.
That said it could, through some unknown mechanism, come out a winner, but the means by which that might happen is far from obvious at this point.