[rthomas6]

A good product for what, exactly? Fast, decentralized, small monetary transactions? Because right now BTC is pretty awful at that.

[drcross]

>A good product for what, exactly?

Since its inception it's an exceptionally good store of value over the medium to long term.

[wpietri]

Not quite. Bitcoin has been an excellent bet. The economic notion of "store of value" requires stability, but Bitcoin is definitely not stable. Just today it fell 10%, and nobody would be surprised if it were to drastically exceed its previous peak next week.

[polynomial]

> nobody would be surprised if it were to drastically exceed its previous peak next week.

Apparently CBOE would be somewhat to very surprised.

[Tepix]

It used to be a decent currency, it stopped being that a couple of months ago.

[kgwgk]

Following the peak 4 years ago it was 80% down after 1 year, 50% down after 2 years and had not yet recovered after 3 years... it doesn’t look so exceptionally good as a store of value.