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> Bitcoin is a store of value That's what's said now because it failed as a currency.

• wyre 6y ago
  It hasn’t failed at being anything. Bitcoin is still very new to this world. Just because at this moment it isn’t realistic to use as a currency does not mean it has failed.
  • heterodoxxed 6y ago
    It's been around for 12 years and nothing even close to a killer app has come and it's one promise of utility (as a currency) has proven to not be scalable.
    • wyre 6y ago
      It’s decentralized. Why does it need “a killer app?”
      • heterodoxxed 6y ago
        A killer app would prove utility. Something that shows that it has use outside of the ideological and invested. In other words, something that someone on the outside can use. The internet is decentralized and produced "killer apps" that did just that almost immediately. People used the internet and their use of it only increased over time. Cryptocurrency cannot sustain that. DApps are effectively useless. Blockchains are expensive and environmentally destructive merkle trees and do nothing that git couldn't do faster and easier and cheaper. Decentralization has not proven itself to be useful at all to anyone. A killer app doesn't even have to be complicated, it only has to be useful. Nothing about cryptocurrency is useful. It is an ouroboros of busywork and self-justification. So I would ask, why wouldn't a new technology need to demonstrate utility?