[arnavs]

You're right that BTC has no commodity utility outside of "being money." But I think society needs money, as much as it needs an energy source.

Gold is one object that's served the money function in the past. It has properties (fungibility, durability, scarcity, etc.) that money needs. But it's "dumb" and cumbersome, as physical objects are.

Building digital objects that serve the money function is important. One solution is the centralized ACH/banking system. But this has drawbacks --- poor scarcity, high political exposure, etc. I view BTC as simply building a competitor. You get better money properties, at the cost of more energy, etc.

Is it worth it? I don't know. But that partly depends on how the future produces energy.