(1) Do you know how markets work? A thing is worth what someone else is willing to pay for it.
You can't seriously be asking what will happen to the value of bitcoin when a particular event happens after people have already stopped using it and aren't ever going to use it.
If nobody uses Bitcoin, its value is zero, regardless of all other factors. Bitcoin has value
only because people are, in fact, using it right now. Some are using it to buy things and some are using it as a speculative investment, but it doesn't matter
what they're using it for; as long as Bitcoin is useful for
something, it has value.
D'oh! Seriously dude!
Goto(1)Seriously dude? Removing my response to your question from your quote, then claiming I haven't answered it?
Do you know how markets work? A thing is worth what someone else is willing to pay for it.
Yes. And why are people willing to pay for things? Because they want to use it for something!At first I was willing to give you the benefit of the doubt, and assume you were ignorant or grossly misinformed about basic economics, but now I'm convinced I'm being trolled. But just in case, I'll reiterate the point you seem to be missing.
If someone is willing to pay 50$ for my poo then my poo is worth 50$.
Nobody's going to pay
anything for your poo unless they want to
use it for something (organic fertiliser, or whatever). And they're not going to pay $50 for it unless they believe the thing they're planning to use it for is worth that amount.
This will be my last post on this subject unless you can come up with something resembling a rational argument.