Comment: Nonsense! Demand != value,

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Nonsense! Demand != value,

Nonsense! Demand != value, and it never will. Demand can bring higher prices, and supply, but why would you equate this with value?

The demand for Bitcoins is based on confidence that Bitcoins will continue to appreciate. Bitcoins themselves have no genuine use. Genuine use is the base of value. You can't have value without genuine usefulness. What can you do with a Bitcoin besides sell it?

Digital currency is even more useless than paper currency; you can burn paper currency. Bitcoin might be the most useless currency ever; it is certainly worthless in any case.