> Bitcoin isn't figuratively a store of value, it actually is.
It's a speculative, negative-sum MLM token. I suggest reading up on what a store of value is. [1]
I'm not saying there aren't ways of monetizing it within the network - which may indeed create value, but intrinsically, it is a negative-sum asset, a mechanism of redistributing real cold hard dollars from new participants to old entrants and miners. It creates nothing. Systems built on top of it might, exploiting let's say regulatory arbitrage, facilitating crime or gambling, but intrinsically, it creates no value.
It's a speculative, negative-sum MLM token. I suggest reading up on what a store of value is. [1]
I'm not saying there aren't ways of monetizing it within the network - which may indeed create value, but intrinsically, it is a negative-sum asset, a mechanism of redistributing real cold hard dollars from new participants to old entrants and miners. It creates nothing. Systems built on top of it might, exploiting let's say regulatory arbitrage, facilitating crime or gambling, but intrinsically, it creates no value.
[1] https://www.investopedia.com/terms/s/storeofvalue.asp