You really are stuck in your record groove arent you ?
Once again your statements boil down to "We told you so, should have listened to us"
You also indicate poor comprehension skills, Where did I say that *I recommended any of those applications ?
I asked you what *your definition of "value" was and provided some possible examples that people *might find Bitcoin useful for, and you come back at me with your pre-rehearsed anti statements saying why they arent good ones. All referring to the last 9 or 10 months of activity as if "Well, that about wraps it up for Bitcoin" is a done deal.
So. What *is a good indication of value. "What people will pay for it" is the usual simple answer, but that means if people are buying at $1200, then its worth 1200, no ? Clearly not in your book, so you must have a better definition or way or determining it ?
I like the way you claim to know what people need or want too.. Clearly you have missed your calling, why aren't you advising some Fortune 500 company on what products they should make since you seem to have a direct line into what people will find useful.
Is Bitcoin extremely useful to the average Joe in the street *right now*. No, not very. It has some useful applications, but you probably wouldn't use it to buy a loaf of bread when the local scrip is easier (provided you dont hold onto it for two long.. once upon a time 20c would get you a cup of coffee now its more like $5).
Does that mean "*Noone* wants it". Hardly. I know quite a lot of people who will happily take it from you in exchange for their goods and services, who arent "Fanatics", so your statement is clearly false.
Your insistence on focussing on the present-day requirements of "lots of people" is very short sighted. 10 years ago, 80% of the population didnt "need or want" the Internet. A single decade later and most business are more concerned if their Internet or Website is offline than they are if their phones are out of order.
Long-Term (talking in years-to-decades here, not months), thanks to its unique properties that no other form of money has, Bitcoin *may well become a *lot more useful to people who suddenly find that their fiat currencies arent worth more than the paper they are printed on.
Oh, "Months ago" is *long-term* is it ? You have been warning us for *months".. Oooo. How could I possibly have neglected your advice which is clearly based on *extensive experience and superior knowledge. Silly Me.
Right now, most of the first worlds fiat currencies aren't devaluing fast enough to overly concern most of their citizens who generally have attention spans measured in less than election term months.
But some who have bothered to look into the history of practically *all fiat currencies in *actual long-terms (years to decades) have noticed this
which usually leads to this.
and concluded that maybe, just maybe, a form of non-fiat money might be a good idea to try. But hey, dont worry, you can always keep warm by burning your paper money.. But that wont worry you, you will get out of them too at the right time thanks to your insider-information friends ?
Tell me, do your "friends" who are presumably big "market-movers" (They must be, you *knew this was coming, they told you right ?) know that you are spoiling their chances to "get out" with more money by telling all us poor ignorants of their intention to continue selling (Sorry, "Dumping", it sounds scarier) and driving down the price, and thus giving us a chance to sell before they sell more ?
Oh, I know, They're already "All out" and you're just here to save us all from our own stupidity. right, got it.