A lot of political-philosophy replies here on the ills of inflation. That's not my main point. My main point is: what if a non-deflationary competitor (so BTC

A lot of political-philosophy replies here on the ills of inflation. That's not my main point. My main point is: what if a non-deflationary competitor (so BTC couldn't just "copy" its defining differentiating feature) takes off as the way to pay for Pizza, drugs, eBooks or guns online -- will BTC discover its true "intrinsic value"? Or what will it do? The artificially induced, algorithmically guaranteed scarcity of crypto-bits'n'bytes is hardly worth $100, is it? Isn't 99% of BTC valuations expectations and bets abouts its glorious future as THE currency for digitally lubricated commerce and web-based bartering (or---others betting on others betting so)? What part of BTC "reassures" its users? For USD, people may look for reassurance at the might of the USG and/or FED (and global reserve status / oil settlements). For Gold, people may look for reassurance at the past, many 1000s of years of tradition -- millenia of "giants" / kings / wealthy and powerful people / central banks who will always be interested in your shiny metal to store material excess. For BTC, for reassurance people can only look at the future. Is this the coming digital currency (medium of exchange) par excellence? (And given its built-in deflation -- can it ever be?) That is, ignoring the prevailing BTC2USD price-chasing speculating casino: what is the intrinsic reassurance of BTC that makes people fork over USD for BTC and that will remain a superior criterion even when a more "currency-esque" (not so very deflationary) alternative digital currency (transactional medium of exchange) comes along?