[quickthrower2]

Like other currencies, it is all about confidence. Why do people work so hard for $USD which has no inherent value? Because it has value due to people's confidence in it. And the comes from having an entire society and tax system based on that currency.

Now with Bitcoin the confidence is coming more from speculation as to what it could be, and that indeed a "greater fool" will buy for a higher price - but with the finance casino preparing to add this game to their game floor, there is a good chance you will find such fools.

I saw today a car being advertised for sale 1 BTC. I live in a very non-tech city so word is spreading. There are limited coins and demand will increase. Newcomers will not question or care about "oh it used to be $50 for 10000 BTC why should I pay this much"