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Comment by anonyx69 | Hacker News Reader

"store of value coins" are such a far departure from what cryptocurrency was invented and intended to be: peer to peer decentralized money.

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For sure. But here we are, at least with btc. Current fees, volatility, and confirmation times make it a pretty bad choice as a proper currency.

It's hard to argue that something that could be worth +/- 10%+ in the time it takes a transaction to process is a good "store of value", too.

Fair enough, maybe it’s not the best label. My purpose was just to discriminate between the cryptocurrencies that are trying to solve some other problem (create a worldwide supercomputer, decentralized storage, etc) from those that are more straightforward.

I certainly don’t think of any of it as a store-of-value ... more like a trip to the casino!

I wasn't really aiming that at you so much as at the constantly changing story about Bitcoin's purpose coming from the Bitcoin community as a whole.

Bitcoin is new technology, the fact that its use cases are changing is evidence of that. That should be exciting, not disheartening. It would be a worse sign if it simply accomplished the goal it purportedly was intended for and nothing else. This shows it may have more growth potential.

I for one know a few folks who have used bitcoin to transfer large sums of money across borders... pretty crazy times we live in. I expect bitcoin to dominate in this area in the short to medium term.

That's a bit like complaining that a gold bar is useless because it won't fit through your letterbox.

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