[–] phor2zero 0 points 2 points (+2|-0) ago 

No. The blockchain is only valuable if it's secure. It's only secure if it has enough (distributed) hashing power to prevent a computational attack. People will only burn electricity hashing transactions if the bitcoin they receive as reward and/or fees exceeds the cost.


[–] KurtB 0 points 1 points (+1|-0) ago 

It will be worth what people decide to pay. Everything else will be worth what people are coerced to pay. A person may decide to add a transaction fee of 10 BTC if less is not providing confirmation. Demand for the blockchain would need to be around 360000*10BTC= about 3.6 Mio. Bitcoin daily in such a scenario. 1 Bitcoin in such a world will buy you blow and bitches until the rest of your life. Whether "1c" does the same is something you should debate with Obama or whoever runs that Mickey Mouse Club at the time.