[TomGullen]

Point 1 isn't really debatable in my opinion, you make work, you back it up and if someone deletes it off your server you just move it back on. Bitcoins by design don't allow you to recover them.

Point 2, back in the day when currency was backed by gold reserves would you have said the coins and notes people had were also worthless? As they are not 'sold' yet into gold?

Also I don't say a project on your disk has no value, a project on your disk has worth, the amount it's worth is how much someone will pay for it. Because the project on your disk doesn't really abide by any fixed standards you will probably find it's quite difficult to sell it.