B) There are (a lot of) stocks that do not pay dividends and never will. There are a lot of stocks that were issued by companies that never made a profit. Both of those categories are traded with a value above zero, how do you explain that?
People then switch to arguing that it's a great store of value. Given its volatility this makes no sense.
Cryptocurrencies in general have a lot of utility and solve real problems.
There's no reason that a crypto-exchange cannot be as secure as a bank (or more), and that governments cannot insure crypto deposits up to some value. Those are purely problems for regulators/governments, which have been relatively slow to adapt legislation.
The problems you highlight are real, and can be good reasons to favour traditional currencies, but they're also easy problems to solve - the thinking has already been done once for traditional currencies and the solutions for crypto are mostly identical.
I suppose it could be even worse though, it could be the upcoming UB fork.
hahahahahahahahahahahahahaha
Bitcoin's current transaction fee is like $20, and the value of Bitcoin itself has gone up 25% in the past week alone. If I bought a pizza last week using $20 worth of Dunning-Krugerrands, that same pizza would be $25 this week for no reason. That alone makes it useless as a currency.
Someone buys it at a certain price (because it has intrinsic value), which realizes the value of the currency.
a) this is valid point, but bitcoin is failing currency. if there was a central authority then its value would have been stabilized. never gonna happen with bitcoin.
b) expected income. for bitcoin, it's nil for ever. don't confuse investment with speculation.
I said that early adopters take risks that pay off when conservative investors are looking for safe plays.
Seriously, shame on you.