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Semantics aside. Asset values are determined by rarity and supply and demand. My question was really around the fact that gold cannot be replicated but a virtual currency can, that's ok if something underpins the value, but was try to find out if anything other than mostly speculation dictates it's value. Basically seeing what makes it different to any other pyramid scheme.
Something does underpin its value, a multi-billion decentralised Server network....you know ....like the internet...that seemed to take off a bit. It's a significant barrier to entry for new crypto currencies.