If bitcoin fails as a "store of value" and they decide to massively expand their blocksize, will this community support bitcoin if they decide to try and do that? 🤔

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I honestly don't believe bitcoin can last forever on the "store of value" idea for these 2 reasons:

  1. there's nothing inherently objectively better than makes bitcoin a better store of value than any other cryptocurrency that tries to follow the same purpose
  2. it ultimately comes down to people's faith in bitcoin as a store of value and this requires a constant stream of "investors" who believe that the future price of bitcoin will be higher than the current price (similar to the "greater fool theory") -- once the "faith" is gone, it obliterates the foundation for the underlying belief (they are dependent on one another like that famous artwork by M. C. Escher of two hands drawing each other)

I'm not a bitcoin expert and the furthest I got into reading the whitepaper was whichever page talked about murkle trees -- but I do not believe that the entire transaction history cannot be trimmed or truncated in a way (maybe once every year or two) that doesn't compromise security. But I'm no expert, so please forgive me if my assertion is wrong.

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TL;DR: If bitcoin fails as a "store of value" and they decide to massively expand their blocksize, will this community support bitcoin if they decide to try and do that? 🤔

submitted by /u/SignificantMeal1428
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source https://www.reddit.com/r/btc/comments/xjkaas/if_bitcoin_fails_as_a_store_of_value_and_they/

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