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RE: What creates the value of Bitcoin and other cryptocurrencies?
Have you read Nick Szabo's essay about Social Scalability? It offers a lot of valuable reasons for bitcoin's value to society. Adds a lot of interesting points to what you discuss here.
link: http://unenumerated.blogspot.com/2017/02/money-blockchains-and-social-scalability.html
I don't think I have, but once I get some time to myself, I will definitely read it ;)