ABSOLUTE CRAP
but it's value will continue to increase, for all the reasons you suggest
Never forget it was the original invention, and as a success, gained the most network effect as such. It is still the gold standard, and people will migrate away from it for small, fast, easy transactions. If I have a million in gold I want to put into crypto, and it will stay there for 10 years, bitcoin. It does have a purpose!
So why's it absolute crap then?
Cryptogee
First generation blockchains can't do much application wise, except store value. You can use side chains, but still the whole thing is slow, can't handle too many xactions, and is expensive.
Next generation blockchains are just so much more elegant in so many ways...
That may be so, but as I pointed out in the article, the market doesn't give a toss about that, proved by the fact that a Bitcoin is now around $3500. Maybe one day it will care, but not today . .
Cryptogee