What is the value behind BTC?

[austinator414]

Value of gold:
Many uses
Hard to find
limited amount
Tangible

Value of BTC:
Not tangible
fairly simple to mine
limited amount
No uses except trading for money

I just don't see the value behind it

[scarsbergholden]

medium of exchange, store of value.... gold is not particularly valuable (e.g. industrial applications) except for people's trust in it as a store of value.

[PenAndPaper]

You mean that you don't see it's value as a currency, as a payment's platform or as protocol?
Because it's all of the above. 

[cdtc]

Its basically all the same, only the things people believe in are hold some value.

[naphto]

There is no value behind btc. Only the value you think (or other people think) it is worth

[denton_12]

Really.    A value of bitcoin is that all transactions are viewable.   If this happened with fiat money, government officials wouldn't be able to be paid off without someone knowing about it.  No one could be greasing anyone else's hand.   There's none of this "I sent you money, you're just saying I didn't."  There is a public receipt for all activities.   A Public ledger.

In reality, the way I see it... bitcoin is nothing but a commodity, the price of bitcoin is only changed by what people will pay for it, not the cost it takes to make them, not the difficulty of mining them, but only what the value is to the people using it.

[marcovaldo]

If people thinks that paper is worth gold, then it will be worth gold. No matter if it is useful or not. No matter if it is worth it or not.
Same goes for btc

[zubokaz]

Scarsity. Some also believe that it may become new financial system so idea itself drive price of bitcoin up.

[bitcoin44me]

the value is one of the most important thing: trust

trust that someone else will give you goods, you need for it.

can you say this about a dollar in 10 years still?

Dollar is backed by US state.
People do not really trust USD. They trust American Government.


BTC is backed by nothing/noone.
See the difference?

[gerXhonza]

Value of gold:
Many uses
Hard to find
limited amount
Tangible

Value of BTC:
Not tangible
fairly simple to mine
limited amount
No uses except trading for money

I just don't see the value behind it

I strikeout the mistakes you made