pull down to refresh

Beyond the fact that Bitcoin is used a store of value, the 'digital gold' narrative is flawed. Bitcoin (similarly to fiat) has no intrinsic value but derives its value from the people who hold and believe in it. It isn't useful without a network effect.
Money and thus bitcoin should be viewed as political activism. Politics in the sense of 'affairs of the cities' i.e. the public sphere.
Historically, rulers minted their own coins bearing their name and image when they came to power. Why? Because that was an expression of their authority. We're entering a post-imperial world in which the hegemon is the private individual. Bitcoin is valuable because it's an expression of that political power, whereas gold is valuable without any political application