| That's not "value". Those are "attributes". A person may value those attributes or not, but they do not have inherent monetary value. The currency of a nation has inherent monetary value because it is backed by the state; the details of what that means will vary from jurisdiction to jurisdiction, but except in states undergoing massive crises, you can still be sure that if you hold their currency, you have something of value and can transact business. Bitcoin is backed by nothing but other people holding Bitcoin. As for the attributes you list: 1. Immutability is a double-edged sword. There are legitimate situations where you want mutability. 2. Artificial scarcity of a digital thing is only beneficial if you are among those holding large amounts of it. 3 & 4 (basically the same). This is both a huge negative for many people, and only true until those institutions' policies, laws, regulations, etc catch up with Bitcoin and either fit it within their existing structures or ban it entirely. 5. It's really not that accessible unless you're already fairly wealthy and digitally savvy. |