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Being a store of value is a tautology, not a use case. Name one other store of value with zero use in its class. Even art and magic cards have them. You can lo
by graeme 6y ago
Being a store of value is a tautology, not a use case.
Name one other store of value with zero use in its class. Even art and magic cards have them. You can look at art, and people play with their non collector’s magic cards.
Bitcoin is a pure faith enterprise. It’s only value is that people believe in it, despite the lack of use case and despite the ever rising waste of energy to power the network which rises inexorably with the market price.
It is a tautological network where people enjoy seeing it run in a distributed way even though it does nothing else. How long can that last as something storing value? As mining costs increase you need an ever increasing supply of new entrants at high prices who are similarly enamoured with the idea of the network.