A steady transition to crypto that cannot be minted or controlled by any singular party eases things greatly.
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You're seeing it in the world. How many years of non-zero value before you accept there's something there?
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15 more years
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is that a bet?
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I guess at that point I may admit I was wrong if crypto retains value.
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I don't think POW gives Bitcoin "value" (weird variation on LTV?). Rather, work done is determined by Bitcoin's value. POW is simply a method for securing the ledger/token scarcity. If fiat relies of anti-counterfeiting tech & sovereign violence, Bitcoin has cryptography & POW.
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But once scarcity is established, explaining value becomes easier. Is there a desirable and unique usecase? Silk Road found one. If the usecase is conditional on holding tokens, then supply and demand yields price. Price volatility simply results from speculation on future price.
End of conversation
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