Bitcoin is mainly for 2 purposes.
For a relative amount of anonymity.
For the ability to send transactions, full proof, over thousands of miles, virtually cost free.
Both of those are key values of bitcoin.
However, now there are many alternative cryptocurrencies that accomplish the same thing.
All we need is (1) to work with at any given time and it does not have to be a single chosen "ONE", like bitcoin.
It can be almost any of them that are built to last.
So, if the value is not in the bitcoin itself, then it has no specific value other tha nit's primary purpose for which it's most useful. the ones I just outlined.
Thought?
So, you're completely ignoring first mover advantages and network effect?
I could make five million sites just like amazon.com with very similar properties to Amazon.com, yet only Amazon.com will succeed.
*YAWN*
