bitcoin the new gold?, page-66

The idea that only gold can be money because it is finite and requires people to work hard and risk their lives in order to get it, it is, of course, historically false.

The flaws with bitcoin system are exactly what it has being point out here as its strength, flaws that can be understood here: http://www.slate.com/articles/business/the_dismal_science/1998/08/babysitting_the_economy.html