The imbecilic way of saying supply and demand?
Do you even know what a "permissionless transaction" or an "immutable ledger" are? Do you believe Bitcoin has achieved both?
Usually I block trolls, but in the lack of such a functionality on HN take this comment as my last interaction with you.
Of course it's not, it's simply a transaction; it doesn't need to be between two separate parties. I don't think you understand Bitcoin as well as you believe, you have it confused with an economic theory.
Reading "Bitcoin: A Peer-to-Peer Electronic Cash System" will do you good.
- it was actually useful for people transacting things
- it introduced the world to blockchain as a general technology, which at this point many new things (which people find useful in ways more complex and more varied than the above) have been built atop.
The idea that BTC would be worth $0 without speculation is just poor reasoning. It misunderstands the past, ignores the present, and doesn't even look to the future, so not surprised you didn't pick up on this particular trend.
