Someone invents something that is digital, but can't be copied. Quite brilliant as it is the first digital asset that can store value without centralization and trust, based on market demand.

Someone on HN: "BTC is valueable solely through the power of memes".

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throwaway894345 6 hours ago | parent [-]

Bitcoin doesn't "store value", it has the value that society assigns it, which is what the parent means when s/he says "BTC is valuable solely through the power of memes". It's not a fiat currency, nor does it have any intrinsic utilitarian value.

	▲	teekert 4 hours ago \| parent [-]
		Age old argument: money also has no intrinsic utilitarian value. And yes, btc does store value, it is doing that for me now. I stored some of my value in it and it has held better value than fiat.