to quote Nassim Taleb "Gold and other precious metals are largely maintenance
free, do not degrade over an historical horizon, and do not require maintenance to refresh their physical properties over time. Cryptocurrencies require a sustained amount of interest in them."
if we turn off the servers then this value store would disappear.
Running a bitcoin server is relatively cheap. I have had a bitcoin full node running on my raspberry pi now for over a year (many people have had it much longer than that).
It's one of the main design principles of bitcoin, that it needs to be possible for someone to conceivably verify all transactions on a home setup. This ensures that we do not have to trust large operators to verify that the chain is following the protocol correctly.
It is one of the major problems with other coins, like ethereum, where this is not possible. This would leave it subject to pressure from political institutions in the future, which could force the reversal of transactions or freezing of accounts.
I was really disappointed that it was really easy to turn-off Luna blockchain .
I was also disappointed when a hacker penetrated 5/9 Axie Infinity Servers.
Both of these incidences outline that nobody has build a fast, secure, and decentralized solution yet. Maybe Cardano is the closest.
if we turn off the servers then this value store would disappear.