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You have not actually answered the question. Experimentation and competitive mining do not translate to demand. Why did people ever start exchanging valuable

• leovingi 13y ago
  I did answer your question, read it again. Do you think that the guy who sold a pizza for 10'000 put some sort of actual value on Bitcoins? No, it was all good fun. You can also include in the mix the idea that this technology seemed like it might go somewhere at the time (still does!) so it might not have been the value at the time that people were putting on Bitcoins, but the value in the future. It's not that easy answering those kind of questions to be honest, without polling everyone who was involved in the community from the beginning and asking them what was their reasoning. So I can only speak for myself.