What idiot pays real money to someone they don’t know to buy something which exists only in someones imagination? Sounds like a sure fire winner to me.
“exist only in someones imagination” ? – really ? you think its just a simple as that ? not “real” ?
I’m sorry to disturb the illusion, but I’m sure you have email ? … so lets look at Gmail, or Hotmail, or whatever service you use . Its on your screen when you type it – it disappears when you press ‘send’ .. is that an illusion ? No, but you need to accept and trust that somehow the internet knows what to do with your message when you click it away, and it does that by coding and protocols.
Imagine If hotmail disappeared tomorrow – would that end your ability to send emails ? No of course not – because Hotmail is just a client service vehicle that sits on a Protocol transport mechanism. You’d just use another email service. All email ‘service clients’ like Hotmail use the basic protocol of SMTP ( and POP and IMAP ) to move your typed message around the internet – in the coding language that makes that possible ( because your typed words dont move from you to the receiver )
So you need to treat “bitcoin” in a similar way ( not the ‘money value’ that people put on it) Bitcoin itself isnt the protocol ( the underlying coding ) it just happens to be what people call the ‘microbits’ that sit on the blockchain protocol and move around attached to transactions.
The real unique property of a “bitcoin’ is that it can never be duplicated or counterfeited ( unlike a bank note – which can be copied and used without trace – the Bank of England removed over £13m of counterfeit notes in circulation in 2012 alone, and many many more remain undiscovered)
At the moment, Bitcoin transactions are concerned with the movement of money value, but applications are being designed every day that will enable you to use bitcoins to verify things as diverse as contracts, ownership – of companies and their shares, insurances, voting, proof of ownership of artwork or anything that needs to be proved genuine and not a duplicate..
So whatever ‘value’ people may put on bitcoins today, or tomorrow, or next year, it is not going away !! because it is actually the newest, and most revolutionary protocol that the internet has yet seen.
I’d love to discuss this with you this time next year – I believe you might have a different view by then.