It’s true that prices fluctuate and vary, but some assets are less speculative than others. Gold has value for its industrial or commercial uses, even if that’s a small part of its value. USD has value over other assets as a currency because of its status as legal tender within the US, meaning I know I can pay taxes and discharge debts with it.
It’s not clear to me that the advantages you described are “obscene” compared to USD or other assets, and I’m not sure people buying Bitcoin are buying because they think it’s a “better monetary system”. I think they’re buying it because it’s a hot speculative asset at a time when rates are still fairly low.
I’m also not sure what “salable across time and space means”
It’s not clear to me that the advantages you described are “obscene” compared to USD or other assets, and I’m not sure people buying Bitcoin are buying because they think it’s a “better monetary system”. I think they’re buying it because it’s a hot speculative asset at a time when rates are still fairly low.
I’m also not sure what “salable across time and space means”