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A funny thing happens when a currency loses value, people want to spend the bad currency and save the good currency but spending is what makes something a currency to begin with.
Since you can link Bitcoin to paypal, your bank account it has plenty of hooks into the financial system, you can spend it without exchange issues internationally and you can store your money on your hard drive.
There are a lot of uses for a currency like that and if your argument is that it was not backed by a strong government, talk to Argentinians and Grecians (Grecos?) about that.
I own no Bitcoin but thinking about it. . .
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