Earlier, I've seen some very good analogy/comparison on how to explain how or where bitcoin
gets/bases it's value from.
It's certainly not enough to explain it all, but say, you're asked how could something digital
possibly have that much value?
(This is one of the points I've previously had trouble with both understanding and explaining)
I've found kprawn's example really interesting.
I get a lot of people that tells me, " Bitcoin is a
virtual item, how can a
digital item be that expensive? "
My answer is always the same, " Do you understand Digital scarcity? " I then offer examples like this :
•Eve Online Revenant Super Carrier – $9,000.
•Echoing Fury Mace from Diablo 3 – $14,000.
•Age of Wulin Sword – $16,000.
•Ethereal Flames Pink War Dog in Dota 2 – $38,000.
•Amsterdam from Second Life – $50,000.
•Crystal Palace from Entropia Universe – $330,000.
•Club Neverdie in Entropia Universe – $635,000.
Source :
http://www.therichest.com/rich-list/most-popular/10-of-the-most-expensive-virtual-items-in-video-games/ or a little video,
https://www.youtube.com/watch?v=VUNRl3kAATk&t=8m35sNo, we are not crazy, we just understand "Digital scarcity" and we profit from that. Bitcoin will NEVER have more than 21 000 000 coins in
circulation, give or take a few million, and THAT makes it rare.
Do the math, and see where this is going.
From this thread:
https://bitcointalksearch.org/topic/to-those-who-says-bitcoin-is-too-expensive-for-a-virtual-item-1743990