Quote from: God Almighty on November 02, 2012, 04:47:22 PM

Quote from: Akka on November 02, 2012, 04:28:06 PM

Quote from: God Almighty on November 02, 2012, 05:11:17 AM

I can't pay taxes with it. I can't fund my credit card with it. Why do people value Bitcoins at $11 a piece?

Hehe, first post and probably your last?

Is it just me or do recently a lot of accounts pop up, crating on single thread and are then never seen again.

But just in case this is a real question:

Bitcoins provide the usability of cash, although you can instantly pay them in every wallet world wide.

This usability provides value.

The fact, that they can't be printed instantly by anyone (infation resistant) increases the value even more.

And then they are only a few of them + most of them are horded and not available on the open marked, causing a high price.

A US dollar is recognized as cash because people have to accept them for debts including taxes. People are forced to trade oil for them all around the world. Bitcoin has nothing like that so why is it even used as money? That is my question. But it seems since some geeks like it, others rely on that value when holding and using Bitcoins.

This is very different... almost religious...

The lack of force is another thing I think gives bitcoins value, no one has to use bitcoins, we choose to