[GreenHornet]

The biggest vulnerability with BitCoin is its volatility as a market currency. Anyone using it would be best served to wait to buy something when the currency is worth more and save while it's less. It's really a very real-time type of currency compared to what we consider "real money."

This might be a dumb question, but I'll ask it anyway: Is there any type of exchange rate that has been established with the Bitcoin versus the Dollar, the Yen, etc.?

[rarestia]

Not that I’m aware of. Every government-based currency exchanges at different rates for Bitcoin.

[zeestephen]

Re: “Is there any type of exchange rate that has been established with the Bitcoin versus the Dollar?”

Yes.

There are many “private” exchanges.

As far as I know, none of them are physically located in the USA, probably because that would require registration and supervision by many state and federal agencies.

The current quote for Bitcoin is: 1 Bitcoin = $481 US Dollars.

Last December, the price almost reached $1,200.

Currently, the value of a Bitcoin is so unstable, and so volatile, it is not a practical substitute for national currencies like the US Dollar.

But a lot of smart people think it has a compelling future.