[153791098c]

Bitcoin was meant first and foremost as a peer-to-peer electronic cash system. It has to function as a large scale payments systems for it to work as a store of value (utility drives value). The current value proposition is ridiculous and can't ever work long term. Up to 2015-17 the price was at least partially driven by the utility it had, and part by speculation about what it could be. Right now the price is driven purely by speculation and the underlying value is entirely gone. The system wasn't initially designed for this so the cracks and unaligned incentive system are starting to show. It's a shame such a great project ended up like this. It's now one of the most uninteresting cryptocurrency projects (in prospects) in the space and once people realise the whole SoV narrative is a load of crap the market will become a bloodbath. It has and will continue to set the whole crypto revolution back for years. Enough time for states to make sure they stay in control of the money society uses.

[jenoer]

A decentralized peer-to-peer cash system as a movement against the (banking) elite has become a centralized and 'propagandized' "story of value" for the (banking) elite.

Satoshi Nakamoto has great dreams, but basic human greed has struck again.

[MrMan]

Bitcoin was about greed from the beginning, the myth that it was somehow altruistic is just that. It was obvious from the start how bitcoin was setup, the design encodes the intentions of the designer. You can say it's supposed to be a payment system but it is mostly an experiment in game theory and behavioral finance.