Bitcoin's primary value is access to gray or black markets.

Bitcoins secondary value is appreciation, which depends on the primary value, plus a transient state where the public becomes aware of this new value at a pace that outstrips new BC generation.

Bitcoin's tertiary value is marketplace/exchange operation, which depends on both primary and secondary values.

But all of it rests on forbidden market access. The cost is considerable: a very high rate of consumption of both (dirty) energy and chip manufacturing capacity. There is also the cost of participation risk in totally unregulated markets, costs which have no upper bound.

So, fuck Bitcoin. Use cash.

I use bitcoin to fund my sports gambling, overstock.com purchases, some web domain names purchases, gifts to ppl. Nothing dark about any of it. Wtf are you talking about? Plz show stats on hacker news instead of spewing old tropes. Sorry you didn't get in earlier.

But also, it is a terrible currency for accessing true black markets. It is 100% traceable. Lots of people have gotten caught buying bad stuff because they used Bitcoin. Just use cash. Or use Monero/Zcash.