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by throw51319 2062 days ago
So basically it's like a list to an exclusive nightclub. There's 500 limit. You pay money to get your name on the list early, and then you can sell your spot later for more.

This is what a "store of value" is. A way to capture your value and preserve it.

If the blockchain is truly immutable, then Bitcoin could end up being a store of value with the early adopter effect.

Honestly I think that USD or whatever will always have value because you have to pay taxes in it.

A government will always have ultimate control of it's country. When Bitcoin becomes a problem for the US, China, or whatever ultimate power there is in the world... if it comes down to it they can just use their supercomputer to take control of the blockchain and invalidate it.