Quote from: deisik on December 09, 2013, 11:43:52 PM

Quote from: porc on December 09, 2013, 11:16:42 PM

Yes value is subjective, but you cant explain to me what I CAN DO WITH BITCOIN. Get that?

You can exchange it for something you value from those who value it higher than what they exchange for it. Does it really require so much effort to understand this?

Don't repeat your posts and be concise

No. Exchanging it for something does not make bitcoin valuable. I am asking why somebody would exchange a bitcoin for something?

Why has the bitcoin value. "Because I can dump it on the next guy" does not address the question. That sounds like a pyramid. Nobody actually wants bitcoin. They all just want to dump it on the next guy.

The guy who you want to dump it on asks the question: Why should I take it? What can I do with it? If your answer is: Bitcoin has 0 value, but you can get others to exchange something valuable for it hopefully is the same as admitting that it is a pyramid.