Short answer: lots of people wanted Bitcoin to be decentralized PayPal… but those people lost. Bitcoin is a store of value; it's base money. It's the rainy day

Short answer: lots of people wanted Bitcoin to be decentralized PayPal… but those people lost. Bitcoin is a store of value; it's base money. It's the rainy day stash for when things go to shit. Not necessary a global economic collapse but bad nonetheless. Here's a rational prodcast description of the store of money vs. payment rails: https://stephanlivera.com/episode/185/ https://stephanlivera.com/episode/185/