Because the inflation is decreasing with every block and going to converge to 0%. Who are you to tell whether it works or not? We have never had a fixed-supply asset before. Ever. You don't know whether it will work or not. This is unprecedented.
And also, it *was* a store of value since time immemorial in the form of jewelry and ornaments which are a form of a SoV. And it Was also a Medium of Wealth transfer (infrequent MoE) Recommend Szabo on this: https://nakamotoinstitute.org/shelling-out/
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Bitcoin isn’t a MoE yet either, it’s not even a full SoV yet, but it’s getting closer to being a SoV as it gets bigger, more liquid, more saleable, which it had throughout last 9 yearspic.twitter.com/2uBvAWQRyu
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this chart is wishful thinking - right now the use case is greater fool speculation and even those volumes have been going down all year.
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why are you so short termist? have you only got into bitcoin in late 2017? last 6 months look shit, but if you zoom and and look at the graph since 2010 it looks incredible!
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you’re not thinking on a long enough time horizon. Zoom out!
End of conversation
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