Whilst I am dubious about the value of Bitcoin for everybody, I can see that it has two very strong benefits it gives to its users. It's main benefits are in i

Whilst I am dubious about the value of Bitcoin for everybody, I can see that it has two very strong benefits it gives to its users. It's main benefits are in its anonymity and unregulated border transfers. These two things give the currency something which others do not. Also someone sitting on a lot of bitcoins cannot just dump them because there is limited demand. Flooding the market would drop the price and therefore remove the reason for dumping the coins, like a real commodity.