It is a web application that settles transactions, and works in every jurisdiction. That's worth something. It can also generate a bank account for you, allow

It is a web application that settles transactions, and works in every jurisdiction. That's worth something. It can also generate a bank account for you, allow you to store it in your brain, then delete all record that it ever existed, and then at some later date recreate the account from memory. It can maintain its value during a default of the U.S. federal government. Money has value to the extent it can do things. Dollars can do things Bitcoins can't. Bitcoin can do things dollars can't. These define their relative value.