The LA Times Journalist Who Just Bashed Bitcoin Needed Some Cryptoeducation courtesy of myself. Help finish it off...

Let me know if you guys have any other ideas to add to his enlightenment. Keep in mind it's Twitter so let's keep it short and sweet.

LadyMaesterCrypto‏ @LdyMaestrCrypto

@hiltzikm I would like to offer a few ideas on the subject of Bitcoin after having read your article. I hope you will find some insight :-)

@hiltzikm Overall it's important to note that the financial world typically (at least more recently) regards Bitcoin as a commodity.

@hiltzikm Although by definition a currency (it has functional transaction application after all) at present state commodity seems fitting

@hiltzikm Evaluating current commodities as a whole, Bitcoin supersedes the vast majority on many levels 1)functional transactions p2p b2b

@hiltzikm 2)lowest theft rate if properly stored 3)quickly (just minutes) efficiently moves globally w/minimal cost (self purpose & others)

@hiltzikm 4) scarcity increases at a constant rate via the hashrate complexity's steep incline 5) finite market cap further propels scarcity

@hiltzikm There are around 17mil bitcoins in circulation now (market cap at 21 mil) & the last 4mil are mined w/exponential difficulty

@hiltzikm Volatile? Yes for now. All markets, currencies, commodities, securities incur periods of extreme volatility IF cycles r unimpeded

@hiltzikm Please keep in mind Bitcoin is the first globalized commodity/currency with transactional application in the history of humankind

@hiltzikm Volatility is expected w/innovative paradigms. It should be embraced w/the innocence of legal interference & purity it represents.