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But @Scoresby explicitly said, what if Bitcoin had no price volatility? So my point was that Bitcoin has a reason for existing even without any expectation of increasing purchasing power.
I agree, the current volatility makes it less useful as an escape asset, but weren't you the one who posted some quote about how you can't use Bitcoin price patterns under a fiat standard as an appropriate inference to how it might behave under an alternative standard?
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Yes, 100%. But I don't believe I'm exactly inferring from its current fiat price behavior how it would operate as works money... I'm assessing whether it can do its job right now, and what its future chances become when it's misbehaving like this
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It is worse as escape money in direct tandem to falling purchasing power. A bitcoin that commands markedly less goods, is a worse asset to escape w basically