[JSDude1]

Ok, I watched the video (why not just use solid Gold or Silver) it would function the same (limited qty.) and actually be backed by real world value..?

[Errant]

Bitcoins have a number of advantages. Some were given in the video, such as easy to transfer with low cost, instant worldwide transaction, no middlemen, privacy, no counterfeiting, and etc.

The disadvantage is dependency upon the internet. But then most everything now depends upon it. In a Madmax scenario, they aren't going to be worth much.

Still, they offer a lot of utility. Especially to those who live in countries enacting capital controls. Bitcoins started their first big rise in price during the Cyprus financial crisis.