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Artworks, antiques, gemstones. None of these are of any practical value, yet they hold value. You’re over systematising and not getting it. Value isn’t inherently rational.

Also, what was the false equivalence?

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Try this: being a store of value is a necessary, but not sufficient, condition for Bitcoin's viability.

Try this: why?

Because lots of things were stores of value that aren't anymore.

Can I interest you in a share of Bear Stearns?

And lots of other things that were stores of value still are.

Anyway I’m done with this, I don’t even have a horse in this race.

Because otherwise your claim for Bitcoin's ability to store value is circular. Bitcoin has value because it's supposedly a viable tool for commerce. But it's not currently useful as a medium of exchange, and it competes with systems that are far better than it.

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