These threads always get the same comments about ponzi schemes, tulip mania, energy usage, etc. Something can be overvalued without being a ponzi scheme or a s

These threads always get the same comments about ponzi schemes, tulip mania, energy usage, etc. Something can be overvalued without being a ponzi scheme or a scam. Bitcoin is definitely overvalued relative to its usefulness at the moment. The main value though, which seems to be consistently missed on HN, is Bitcoin cannot be devalued through poor monetary policy decisions from a central bank like the Federal Reserve. That is value. You may personally not care about that but a lot of people do. If you were a country, would you like it when your foreign reserves get devalued by some foreign bank's decisions to help its own citizens?