> And that's where something like Bitcoin could enter the picture. It establish value in the other direction. It has value to the apple eater because it can be

> And that's where something like Bitcoin could enter the picture. It establish value in the other direction. It has value to the apple eater because it can be used to buy an apple Right...but this can be said about any commodity. If I own a new iPhone, or a bar of gold, or what have you, it won't take me long to sell those and buy apples. But iPhones, gold etc. have inherent value and use, Bitcoin has no use value. > fixed supply most commodities > highly divisible, cheap to store some commodities have these properties...like precious metals > securely transferable fortunes are wired from bank to bank around the world every day Gold is a useful commodity. For wiring, for filling teeth, for other purposes. It is also durable, divisible, uniform, portable, and all those things which make a commodity useful as a currency. Bitcoins are not a useful commodity, they are a hash number ultimately. When the game of musical chairs ends, people flock to commodities that have had value for thousands of years, like gold. They have inherent usefulness and value. Bitcoins don't.