Why Bitcoin Has Value, According To One Of Its Biggest Supporters

There's one big unanswered question that dogs Bitcoin: Why does it have any value?  Economist Brad DeLong explained the conundrum best: Underpinning the value of gold is that if all else fails you can use it to make pretty things. Underpinning the value of the dollar is a combination of (a) the fact that you can use them to pay your taxes to the U.S. government, and (b) that the Federal Reserve is a potential dollar sink and has promised to buy them back and extinguish them if their real value ...