I think there is actually some profound truth to your intended sarcastic comment, although you didn't intend it. There is an aspect of that in oil drilling.
But the difference is that, in the end, there are consumers who want oil for doing something with it (generating electricity and other work; making plastic), not just for trading for other commodities. The only thing you want bitcoin for is trading for other currency or commodities, it has no use value in itself.
But the difference is that, in the end, there are consumers who want oil for doing something with it (generating electricity and other work; making plastic), not just for trading for other commodities. The only thing you want bitcoin for is trading for other currency or commodities, it has no use value in itself.