[deadmetheny]

And everyone should also believe in God, because I say that God is real.

Bitcoin only has value because a bunch of nerds put a lot of real money into it and are convincing themselves and other suckers that it's actually got some sort of value, honest. At least other fiat has the backing of the economy and military of whatever nation backs it - at the end of the day, Bitcoin is a ticket you get stamped proving a bunch of electricity was wasted verifying the ticket with absolutely no backing if the whole thing goes tits up, and the fact that the prices are constantly in insane flux is all the proof needed to demonstrate that it's not a consistent store of value.

[brucephillips]

I wouldnt go this far.

You could say all this about gold, and it's still a reasonable investment. I can see BTC serving a similar purpose.