[nynor]

what you fail to understand is that with any currency, including bitcoin and the dollar, the value is what people have agreed it is worth. again, the US dollar, the one in your pocket, has zero value.

i understand what you are saying and you are making some fundamental errors with your understanding of currency. if the US dollar were to lose usefulness, such as it not being used as the currency of choice for purchasing and trading oil, there would be hell to pay. there WILL be hell to pay.

hacking the algorithm.... you clearly don't understand how it works. the algorithm is out there. you don't even have to hack it. it is applying the algorithm to the blockchain. in order to hack the blockchain, you'd have to hack it twice in ten minutes. possibly three times. there isn't enough computing power on the planet to do that and if there was, there isn't enough electrical supply to feed that computing power.