If your electric has gone out, for nonpayment of the bill, or because of rampant runaway inflation, or because of some other unforseen event (as demonstrated in so many countries GLOBALLY) where's the store of value?
What good is a store of value that cannot be used?
If your internet goes down, where's the store of value?
If ISP's/phone providers choose to block certain MAC addresses, who has stores of value and who are the unlucky ones?
The point I'm trying to make is that an ACTUAL STORE OF VALUE needs to be accessible 100% of the time for utilization, and not just some of the time.
You cannot guarantee the power grid will be here tomorrow, nor can you guarantee that your internet will be working when you want it to, nor can you guarantee that the mining farms will stay decentralized, nor can you guarantee that a miner will process your transaction when you need them to...
A STORE OF VALUE is NOT reliant on more than 2 things to function properly;
1. The Buyer.
2. The Seller.
That's it. Gold and Silver were chosen because they are perfect for fulfilling that role, without any FLAWS, without any downtime or reliance on anything else. Nothing will ever replace them, people have tried, and have always failed.
bitcoin on the other hand REQUIRES;
1. Electrical grids.
2. Internet Service Providers.
3. Miners to process your transaction.
4. AML/KYC.
5. Buyer.
6. Seller.
And that's not even counting all the exploits that exist that are unknown to you, anything digital can be easily stolen, hacked, confiscated, seized, etc... I prefer my store of value to be physical, that works irregardless of power or internet outages, government having the ability to track what I'm doing, or some kid in his garage with a laptop that can empty my wallet without my say so... That's NOT a store of value. It has FLAWS. Plain and simple.
I can't believe you people are this naive - it's been around less than 20 years and your so certain of it's future, based on what exactly? That it's flawless?.... Hardly. Not even close to a store of value imho.
I can guarantee gold and silver will be working 24/7 and will never rely on anything besides the buyer and seller.