One use for Bitcoin is "Paypal replacement". There are situations where that use being traceable is not a problem; for instance, I have no problem making public

One use for Bitcoin is "Paypal replacement". There are situations where that use being traceable is not a problem; for instance, I have no problem making public the fact that I pay for a LWN.net subscription, and in fact, the LWN.net site itself reveals it every time I post a comment there. Therefore, if what you are saying is valid, Bitcoin's natural value is above zero.