1/ I just found about @nntaleb's new (draft) paper on bitcoin. It reveals how easy it is to miss the whole point of bitcoin even if you get to understand some of its most complex features. https://www.docdroid.net/1aMGDoN/bitcoin-currencies-and-bubbles-pdf
4/ Asserting that "The value will be zero when miners are extinct" can only be considered Labour Theory of Value. Don't worry about miners. If bitcoin is *subjectively* useful to someone, they will be there to help securing new transactions. Bitcoin is not just its technology.
Bitcoin Maston Instance