As for the value of Bitcoin.
- For merchants and consumers, lower txnfees
- For merchants, no chargebacks
- For consumers, nobody able to stop you from spending your money. (your bitcoin addresses cannot be frozen)
- Instantly send money across the world. (international wire-transfers take at least 2 business days)
- No possibility to create new money out of thin air (like the banks are doing now) (see the white paper (pdf) for more details)
And beyond that, the market will decide what its worth
(currently around $120 per bitcoin)
- For merchants and consumers, lower txnfees
- For merchants, no chargebacks
- For consumers, nobody able to stop you from spending your money. (your bitcoin addresses cannot be frozen)
- Instantly send money across the world. (international wire-transfers take at least 2 business days)
- No possibility to create new money out of thin air (like the banks are doing now) (see the white paper (pdf) for more details)
And beyond that, the market will decide what its worth
(currently around $120 per bitcoin)