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"How are you meant to value Bitcoin?" (Body (Some definitions…

- - - - how is fiat valued?
        
        The pieces of green paper have value because everybody thinks they have value. Milton Friedman
    - - Store of value
      - Medium of exchange
      - Unit of account
  - - - Diamonds - not so scarce, artificially inflated price (De Beers)
        can be synthesised
      - Gold - pretty scarce, backed currencies originally
        Nixon severed the gold standard in 70's
        
        interesting link to article regarding the chemical properties of gold vs other metals and it's suitability for "currency"