Quote from: Mr.Bitcoin on August 09, 2011, 04:53:18 PM

Excellent point En Banc! Gold is a decent conductor that doesn't corrode and silver is used in imaging and film a lot. Now how can we get some industrial uses for Bitcoins? What if we coated an electrode in Bitcoins - would it corrode? Or would it be a beacon of hope and 'promise of sex' ??! That's one heck of a great promise btw!
-Mr.Btc

While its true that most tangible materials have some type of application in the real world, the price floor for each of them is still zero. Take gold, for example. It's true that it has many uses, but let's say tomorrow someone or some corporation introduces a new material which matches every single aspect of gold, from every physical property it has to every productive use it has, and it costs next to nothing. Nobody would want to pay anything for gold anymore, since they can get what they need from this new material which costs next to nothing. In this case, gold's price floor is effectively zero.