Comment by MarcusBrutus

Exactly, Bitcoin will ultimately fail as money as it has no intrinsic value or real scarcity. As to those who might argue that fiat money has no intrinsic value either I beg to differ. The "intrinsic value" of, e.g., the USD is that there exists an organization (US government) with gargantuan physical force that stands to lose a lot if the value of USD goes to zero too fast and so holders of USDs can rely on that organization to deploy that force against rapid devaluation of their currency. There is no such comparable organization in the case of Bitcoin. In the absence of that, only real intrinsic value (the kind of gold or silver has) may prop up a currency and Bitcoin has none of that either. Tulip mania was very rational compared to Bitcoin.