RBR,
"the point of a currency is not to have wild swings in value, but to be used as a medium of exchange."
All currencies have large swings in value $A was less than 50c US a while back.
Would have liked to have bought $1000 of Bitcoin at 06cents
around 3 years ago would be worth close to $250,000 today!!
So at least it is swinging the right way.
"why would any country allow a currency it doesn't control to be used in place of its own."
It seem countries can not have control over Bitcoin, P2P, It is also outside control of the Banksters so we do not have to pay Tribute to them on each and every transaction.
"having nothing physical in your hand is a problem too. try and refuel your car on a Nullabor using Bitcoins and see how far you get."
Try to refuel you car on the Nullabor with $US or Yen or Euro or even Gold ( they would be silly not to accept Gold and their own cash in the till ) and see what happens.
Bitcion is finding new markets all the time, now used for online gambling in the US. It is illegal to gamble online in the US with $US.
Anyway here is a video explaining the virtues of Bitcoin,
a bit old now but entertaining to watch. Enjoy
Starts at around 0:41:50
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