I don't think they are stupid, just misunderstood or clouded a bit in mystery to most people. I think the problem is the ability for the price to be so easily manipulated / effected by anything. They have no inherent value like commodities such as gold, silver, oil, etc. So, for me at least, it's hard to imagine its place in the world. While maybe over valued at the moment, gold is still tangible and serves an important purpose to society outside of just luxury items. It's hard to envision than with bitcoins and the like.
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