I cannot buy anything with Viacoin.
I can buy lots of things with viacoin already, even though it's just a couple of months old. From webhosting, subways in Germany (I think), train tickets in the UK and a whole bunch of other things.
OK. Thanks for the reply. I won't ask the question again.
I think what I am trying to show you is that value is all about perception, even down to gold. There is no such thing as "intrinsic value" for anything. You might not value a glass of water right now, certainly wouldnt be willing to pay $1000 for a glass of it. But if you were dying of thirst in the desert, literally hours from death, you would probably be willing to pay it. You'd probably part with your gold rings for it. At that point, water is more valuable than gold (to you).
So it goes for crypto-currencies. Even bitcoin isn't that spendable at the moment, and the general public are still pretty cautious of it. I personally know plenty people who wont touch bitcoin with a barge pole. I value bitcoin, you value it, but they do not. So the point is, these value judgements are utterly subjective, yet, over time, as more and more people view digital currencies as valuable, the collective perception builds such that people begin to value bitcoin, litecoin, dogecoin(!), viacoin.
Viacoin is accepted by some business already and about 95% of the time on the first page by trade volume on Bittrex, mean that there are people who value it. There are lots of people holding viacoin too. Put all this together and it means there is a collective perception of value, and it how value is established. New digital currencies have a very very tough time surviving, there is no doubt about that. Viacoin has done really well so far, when most new coins pretty much die in the first 4 weeks. Remember bitcoin was worthless for a long time: very few people had the perception of value. That changed over time, and with any luck, it will continue to grow - or, other systems will come about that people value more and bitcoin will fade. That's a real possibility - just think of Myspace and Facebook...
