> This is not what you are claiming. You are claiming that BTC is only worth something if it can be exchanged for a local currency through financial institution

> This is not what you are claiming. You are claiming that BTC is only worth something if it can be exchanged for a local currency through financial institutions. Nope. Look at the top of thread. I made it clear there. > If I can earn cryptocurrencies with my Twitch stream donations, and I can buy my drugs online, why wouldn't it have any value? When a casino changes out its chips, the old ones lose their value after a certain date. The casino will not exchange them for cash anymore, making the face value worthless. BTC is very much like a casino chip. It only has value because someone is willing to exchange it for currency. If the exchange goes away, the face value goes away.