https://www.youtube.com/watch?v=n41GPPhLkhI&t=30sKeeping in mind the most important factor, without gold and silver, all electronic equipment wouldn't exist = bitcoin would not exist. Computers, phones, tv's, etc ALL require silver and gold to be manufactured.
Ser, read the Origins of Money by Nick Szabo,
https://nakamotoinstitute.org/shelling-out/I believe that proves the fact that it DOESN'T MATTER if the Store of Value asset is a metal, pieces of glass, or a SHELL if the social conensus was formed that the Store of Value asset is valuable, or not. It can be debated that Bitcoin would have been worth close to ZERO if it wasn't adopted by the drug dealers of the Dark Markets. But it was, and it has censorship-resistance components that they need which made it valuable for them, and if it was valuable for them, the value surged when many more of them adopted it, and when the value surged, it also has become valuable to US.
social consensus of money is about agreeing on a medium of exchange (not store of value)
store of value then applies after agreeing on the medium.. when a set bottom limit no one can obtain for less creates a wall where no one can break this lower limit VALUE.. and that then becomes the store of value amount
when mediums of exchange barter at different amounts (price variations) this is the speculation above the store of value
EG
if shells are the agreed medium
and its agreed that a shell is worth a minimum of 10 minutes of labour/time/items
then store of value becomes that lowest amount
people the barter above this amount depending on their desire/demand to pay a premium(extra) ontop