At least you can cash out a cigarette by smoking it. That’s value right there, even if you don’t appreciate it yourself.

Cigarettes are valuable, they’re just harmful as well. There are also legitimate medical uses of cigarettes for schizophrenics and perhaps others. It’s a dubious product at best, and a really poor choice for most, but some people enjoy smoking. Nuclear bombs are harmful and destructive, but hey do have a use regardless of any consensus regarding their imagined value.

What can you do with a Bitcoin when no one wants to buy it from you? Try smoking it? A better analogy to Btc using cigarettes would be collecting the heat from burning cigarettes and trying to sell that.

It sounds like you have a narrow definition of the word 'value'. Care to elaborate?

Also, how are we defining value? Bitcoin certainly brings secure transactions to the table which has its own value (just ask the likes of Western Union, Paypal, etc...)

Cigarettes produce value! They take the edge off.

Or 10K parking lots running 500+ 1kw HPS bulbs.