Boitcoin is an awful store of value.
Wrong again. There has been about a month's time total since the very beginning of Bitcoin that you could have put value in and not received the same value out. That means there has been over fourty-eight months where you could put value in and get the same (typically more) value out.
With all your powers of hindsight, show me a better store of value over the past four years.
Holiday I think you are getting me and my view point about what money is and what currency is.
A good store of value is stable over time like land, oil or gold. You know things that people will always want and need. Your defense could have been used for every fad that has ever come out in the short run like baseball cards, pogs, Pokemon and beanie babies, people are gonna realize that there wont be wide spread adoption and that there are some serious limitations to the technology and when they do we will get a price that is needed to support the actual market not the speculative market.
Bitcoin isnt special, people will realize that they can start annoyances markets that using their own coins or any of the massive number of digital coins out there now. The silkroad will have to shut down at some point, sellers on bitmit will realize that there isnt much that they can do with the coins.
If you are using bitcoin as savings. I worry about you and hope you have an very quick and easy way out when things go to shit.
