[mirimir]

I don't think that I did.

No currency "has value". For dollars, it's the US government.

Bitcoin has value for three main reasons: 1) it can be used to buy stuff online, and can be anonymized; 2) it's not controlled by governments; and 3) it's a popular speculative asset.

The first two aren't about novelty. Sure, if something else comes along that does those things better, people will shift. But none of the existing alternatives has managed that yet.

The third does have a huge novelty component. And personally, I wish that all the bloody speculators would just piss off. But whatever, I can live with them. And free money is cool too.