It's too volatile to be a legitmate currency.
The people behind bitcoin needs to tie it's value to the dollar if they ever want it to take off. One coin gets you one dollar, simple.
Dollars to bananas is so volatile!
Euros to oil, too.
It's not possible to tie it to dollars, dollars can be printed as wished.
If dollars are so bad, then why is it the world's #1 reserve currency?
Checkmate, buttcoiner.
You are misunderstanding something, I didn't rate dollars as good or bad.
I said it's not possible to tie them to Bitcoin, it wouldn't be Bitcoin anymore.
Bitcoins are limited, there is a maximum of 21 Mio, you would have to change that. (Hint: That's not gonna happen, because those who could vote for it by downloading a changed client would lose money in the process)