> Bitcoin has no inherent value, it is a string of characters. >So is any digital "good". If you value things that way, nothing on the computer is valuable. T

> Bitcoin has no inherent value, it is a string of characters. >So is any digital "good". If you value things that way, nothing on the computer is valuable. That's a bad analogy because other digital goods contain information that is useful in its own right, without any agreement on that usefulness being necessary. My music and pictures of my dog are useful to me in a way that transcends their usefulness to other people. To put it another way: people "love" their bitcoin like they "love" their health insurance: only because they are being held hostage by its value.