[VarFarYonder]

> Bitcoin was supposed to be a medium of exchange.

Who decides what it is supposed to be? If serves as a place to store value, then it can do that regardless of what people think it is supposed to be.

Maybe bitcoin will never be used for smaller, more common transactions, and it will remain solely a store of value. But I think it is simply a matter of time before a solution is found to the technical problem of creating a cryptocurrency (or maybe cryptocurrencies) that can serve the purpose of handling many smaller transactions.