I think generating bitcoins is a way to have controlled inflation and to distribute new bitcoins into the economy as fairly as possible. The value of bitcoins

I think generating bitcoins is a way to have controlled inflation and to distribute new bitcoins into the economy as fairly as possible. The value of bitcoins should (and hopefully eventually will) be worth their value in work/productivity/product beyond the effort it takes to create a new one. Yes, bitcoins are overvalued due to media hype the same way hot IPOs are. Eventually the price will settle and the value will be determined by market conditions rather than gold rush demand. Then again, I would never waste my time.