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RE: Could bitcoin be a good long term store of value just because we say it is?
You know what...I don't care what it's worth! It is still freaking amazing that someone created this and that we can literally get money out of NOTHING. Here is South Africa you can literally buy a car with one bitcoin and currently you can put down a big deposit and pay off a big chunk of a home-loan if you wished. It is all just amazing. Steemit has changed my life forever and opened a whole new world to me. Even my parents that are in their late sixties are now involved... a bit difficult to explain to them but I cash out their steemit money and they are just glad about the money.
read that again, SLOWLY
Money out of nothing? LOL - that's what the Federal Reserve and the world's central bankers have been doing for decades....