“Bitcoin is Still in Beta”

So says Bitcoin’s executive director, Jon Matonis as reported by CNN. Now, I’m sure that bit of information, combined with Matonis’s further advice that “You should only invest in trade what you can afford to lose,” is very comforting to people who used Mt. Gox to store their investment.
In other words, the executive director classifies bitcoin as an extremely risky investment, not a monetary store of value. I suppose that’s obvious for anything which has had its value jump to over $1,000 and...