it does provide objective value. bitcoin is a store of value. digital gold.
even if it never proves to be a viable currency, a secure digital store of value is objectively useful. especially if you're in a country experiencing institutional failure, risk of hyperinflation and so on.
> it does provide objective value. bitcoin is a store of value. digital gold.
The only reason I don't laugh at these arguments is because I'm utterly exhausted by hearing them. The value prop for bitcoin is, fundamentally, circular. It's valuable because it's money (like gold!), but when you point out how it's an objectively crap currency, it's suddenly a store of value. When you ask why it has value, it's because it's the currency of the future. Round and round it goes.
> even if it never proves to be a viable currency, a secure digital store of value is objectively useful.
I mean, you're just asserting that it stores value. But, why does it have value?
even if it never proves to be a viable currency, a secure digital store of value is objectively useful. especially if you're in a country experiencing institutional failure, risk of hyperinflation and so on.