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> It’s literally worthless in all senses of the term.

I think that misunderstands the economics:

For a long time we've been able to generate mathematical solutions at a prompt, and yet those still have value - I still gain by having them. Email is free and ubiquitous, but still has value. Clean water, for example, is generally free and ubiquitous, but has enormous value; I'd die without it.

In the market, things are priced by their marginal value - the added value of the last one sold; your 10,000th glass of water is not as valuable as your 1st (if you have only 1). But price != value: 'price is what you pay, value is what you get'.



Clean water isn’t free? Utility bills increase year on year.

It's very cheap. If buying the next glass of water was life-and-death, how much would you pay? The current price reflects its abundance.



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