Certainly cheaper and faster than Western Union, but yeah it’s horribly slow by modern blockchain standards

The whole point of crypto is you don’t need to hold it on an exchange. And there are other real reasons to use crypto today such as cheap & fast international settlement, protecting your assets from authoritarian governments.

I agree there’s lots of speculation, and I’m not someone who believes it’s likely to replace the dollar, but it’s also clear there are legitimate uses

I agree. I think if Bitcoin falls it will be because development has completely ossified and is unable to react to problems. If quantum computing ever gets going, it will completely break Bitcoin’s security model, and they don’t seem to have the social coordination to respond to this kind of threat like other blockchains do

I think there are people who genuinely think it has value. It’s very popular in places like Argentina, Venezuela and Turkey where the local currency inflates so rapidly people cannot save money. To those people, its value is that it holds value better than their local currency.

There is also a lot of speculation in the space, which makes it very tough to determine how much actual value accrual there is