I know you don’t believe it, but it is used as money, as well as a speculative asset as you say. That is its main function, and its killer application, but you would only recognise that if you saw a problem with the dollar, and other fiat currencies.

If you don’t see the problems with fiat currencies, of course you won’t look for, or accept alternatives.

The adoption curve of Metcalfe’s law depends on a key number, the utility, which is about the same for Bitcoin and Dogecoin. As long as they remain the same, adoption curves are more or less identical.

A killer application would change the utility, which is why we can’t compare personal computing adoption with something like cryptocurrencies, (except maybe user programmable examples like ethereum), personal computing utility changes every day, it is what the user makes it.

If you don’t see a problem with fiat currencies then you probably don’t see a problem with capitalism either, or understand or care about the linkage between it, and things like colonialism, slavery, racism, global pollution, and all kinds of wars and genocides.

Bottom line, it seems to me you don’t really see the problems existing in the world, and you are probably wondering why everyone keeps complaining, why not just buckle down and work it out with some good old “hard work”.

Your argument sounds a little like that to me, but it is useful for folk like me, to see the full depth of the chasm of difference between our ways of thinking, so thanks for posting.

In the end, continued, worsening suffering, and eventual extinction is where we are headed, if some part of humanity remains blind to the harm it does to itself, therefore remaining blind to the solution.

So people like me have to keep trying as long as we can, to convince people like you that there is both a problem, and a solution.