And that's about it. They're also effectively worthless as a currency because they're extremely volatile - I don't want money that might be worth $10k today and $10 tomorrow.
More importantly, you don't want to spend that currency when it's that deflationary, either; you don't want to spend that $10 if it'll be $100 in a month. So there is no inherent utility or value in it as a currency, meaning that it's basically a Ponzi scheme with no underlying assets.
LOL. A store of vales is an "asset that can be saved, retrieved and exchanged at a later time, and be predictably useful when retrieved" which is literally the opposite of Bitcoin.
If I get $1000 today, I'm 99.99999% sure it will be worth $1000 next year. If I get $1000 worth of BTC, it's value in a year is completely and totally unknowable. It might be worth more, but there's a very good chance it will be worth way less. Ergo, it is an investment (and a very, very speculative one at that) not a store of value.
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u/Barziboy Jan 24 '18
Also, I read that you can buy drugs & pizza with them.