Things are worth what people are willing to pay for them.

Fools and their money are soon separated.

Here's some good evidence. Increase in the Monetary Base 1984 - 2010: https://www.aftershockpublishing.com/pub/images/c03f002.jpg

Exactly this. Yes, Bitcoin is having another bubble moment because folks are trying to get rich quick. But, the underlying technology—the reason why Bitcoin has stuck around despite countless "deaths"—is that the existing financial system is a glass floor on the verge of shattering. We can live in denial all we want about what that means.

Bitcoin, though not perfect, is the first viable solution we've ever seen as a means for preventing financial corruption. Not to mention, it enables banking access for billions of people who don't have it. It makes transfer of large sums to _anywhere on the planet_ inexpensive. It's divisible down to 8 decimal places (a satoshi), making it a great fit for micropayments. These are just the top of mind solutions.

There are ideas we haven't even thought of yet. Bitcoin is programmable money, meaning the possibilities are seemingly endless.

"making it a great fit for micropayments" except that you currently have to pay about $4 for any transaction to come through ... eventually

Absolutely not true. I paid $0.40 cents on a $5.00 transaction yesterday that was confirmed within an hour. I could've easily paid the same $0.40 cents to move $50,000,000.00.

> $0.40 cents on a $5.00 transaction

Visa or Mastercard is cheaper than that

Actually it is in the same ballpark. 2.9% + 30¢ is a usual price in US for a small business.

Yea let me transfer money to another account through ACH....

3 day....

Let me transfer it with Eth or BTC...

1 hour or 40 seconds later...

ACH vs BTC is a strawman battle that glosses over Paypal, Venmo, Square Cash, Facebook Messenger Payments, Zello, AliPay, and a few dozen others.

bitcoin won't censor or freeze your transactions tho.

Wouldn’t that cause every asset (real estate, oil, gold, shares of S&P 500) to go up in price 50x, not just Bitcoin?

Had you considered that your people are simply not “investment people” and that’s why you chose not to invest when you first heard of it?