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I'm suggesting that if you believe in the model, and even the most obvious ramifications of such an economy, the value of participating in the system is to be as far upstream as possible. I don't believe in the model, so, I'm not suggesting it has real value now or going forward.

You're also actually assuming something that runs counter to the stated bitcoin model, as described in the FAQ (which seems to be down at the moment). That is that there's an investment in making bitcoins, which they would say is not so. The intent in burning cycles and power is simply to ensure security, while the value comes from faith in the currency. Hence, there is no investment in creation: the investment would instead be in accepting bitcoins in transactions, which iterates the pyramidal nature of the system.



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