[LINK] BitCoin DDoS and/or Wallet-Hack

[Glen Turner]

If you think about it from a monetary economist's point of view, it is inability to readily create new bitcoins which prevents effective management of the money supply. Since bitcoins only work if they are difficult to create then they can't be managed like a currency is, and thus they'll always be prone to rapid inflation and deflation.

In short: bitcoins aren't a currency, they are a barter good. Calling them "coins" is misleading.

-glen