> The incorruptibility of the ledger is the value.
It cannot feed me, it cannot protect me from the elements, I cannot grow food on it and is not a tool to help me create something desirable by the others. Hence it has no value.
You cannot call it wealth to describe its value. You are just saying that the value of it is in itself. Which is what I am supporting as well.
In order for me to exchange it for goods, as you described, there must be someone who has the goods and is willing to exchange them for bitcoin. There is no real reason for someone to do so.
It is not an apocalyptic scenario. That’s what 90% if the population fight for, day in day out. Food, protection from the elements, security.
You are throwing away the possibility that there is an intrinsic value in Bitcoin, more related to socio-economic-political concerns, than survival. There is not only one domain in life.