That's kind of what value means, being useful. Random hash algorithms are not inherently useful, thus, have no value. At least I could wipe my ass with a dollar

That's kind of what value means, being useful. Random hash algorithms are not inherently useful, thus, have no value. At least I could wipe my ass with a dollar bill or use the bill as kindling for a fire. I'm all for a currency system based on beans or corn. Especially corn. Corn has loads of value in multiple ways. Food. Fuel. Fertilizer. But oh, it decays, thus, you better use it before it goes bad and is useless. Not in the case for gold. The reason gold was used so much has a long term storage was due to it's stability. Gold doesn't decay in generational lifetimes. Doesn't really rust and reacts with very few chemicals. Silver was actually used as an everyday currency more than gold. But gold was the main body. The use of precious metals as a form of currency was not an accident. Yea, it has value largely based on "faith". Any currency will. No cryptocoin is immune from that. You have to have faith that it has value. I find it weird that people just say "crypto has inherent value unlike fiat currency". Yea, what value? If you want to argue "Well, gold has no real value, so bitcoin is no different from that. They both lack real value. Why can't bitcoin be a currency?" Good question! That's a good point! We're getting somewhere! It peeves me when people take a shit on thousands of years worth of social trial and error and dismiss it all because they watch a youtube cartoon about "the truth behind money".