[alexasmyths]

"No, store of value by definition cannot be diluted"

This not correct, it also misses the point.

Assuming a fixed amount of BTC's some day in the future - they could be valued at $5K one day and $0 the next day - without any 'dilution' at all.

This whole issue of the fixed supply of something does not give it any financial valuable properties at all. A BTC is 'just a number' - after all.

A 'store of value' is something that you can hold, and be sure that in 'x period of time' - it will be 'roughly worth the same amount' of whatever you want to measure it in.

That's it.

There are a lot of decent 'stores of value' available to anyone today. BTC's volatility alone - and risk of nobody caring about it in the future - make it not a very poor 'store of value'. Volatile, speculative things are the opposite of 'stores of value'. A 'store of value' is something you could buy now, and be 99% confident you could give to your great-great-great-grandchildren - and it would still have value.