kabocha_

Fair point. Bitcoin is a precious metal without intrinsic value :)

You can argue for the other points in this circle, but really the thing it's closest to is some sort of gold/silver that you can't use for anything else.

I guess it can be used as a currency much easier than gold can be, but in general nobody really does.

For the financial arguments: Treat BTC as if it was in the "precious metal" asset class, but digital.

Volatility is still an issue, but it's still a pretty new technology.

As a technology, I agree that it's not that impressive. Stop making so many dang vaporware altcoins.