[k_vi]

Bitcoin value is in it's potential to become a savings technology(store of value, digital gold, hard money) on the internet.

Decentralisation is a spectrum, expensive and slow is intentional in it's design to provide the highest level of security and trustlesness. If you want fast and cheap transactions then blockchain is not the answer.

If Bitcoin goes mainstream, layer 0 will be used for large value transactions. Rest will be moved off chain to custodial wallets and on probably a much smaller scale lightning, liquid and ethereum. Compared to fiat, transparency and opting out of centralized systems are easier.

The real question is not whether Bitcoin is a good SoV but if Austrian economics and sound money are a better alternative to our present economic system[1].

Either way, I believe Bitcoin might become the safe-haven asset that people could fall back on in times of inflation[2].

I think the following arguments against Bitcoin are not useful.

- X blockchain is faster than bitcoin.

- PoW is wasteful.

- Bitcoin is used for drugs so cannot be money.

- Whales can manipulate the price.

[1] http://econfaculty.gmu.edu/bcaplan/whyaust.htm

[2] https://news.bitcoin.com/countries-suffering-from-rapid-infl...