I'm not writing it off completely just because. I'm writing it off completely because it doesn't even seem to address the really hard part of this all: how do y

I'm not writing it off completely just because. I'm writing it off completely because it doesn't even seem to address the really hard part of this all: how do you spend cryptocurrency in the same way I can use regular currency? If it's not eventually going to be useful as a currency, can we stop calling it cryptocurrency and call it cryptogold or something? Edit: Also, you seem to take it as proof that since people are buying BTC, there must be a demand for a currency that cannot even be spent anywhere. That's one way to look at it, personally I explain it with the Greater Fool Theory [1]. I think this because whenever I heard about people buying BTC who aren't die-hard true believers (ie normal people, not cryptocurrency enthusiasts), they don't know why BTC is valuable. They don't see any value in it, other than the fact that it's price has gone up a lot. They don't understand it, they don't think it's useful, they just see other people buying it and driving the price up and want to get in on the action. [1] https://en.wikipedia.org/wiki/Greater_fool_theory https://en.wikipedia.org/wiki/Greater_fool_theory