If you step back and look at any kind of "libertarian" driven project this becomes a problem. When everybody who makes something inherently distrusts authority or having anybody "in charge", you can never really build anything big. I'd say bitcoin provides good evidence that to make any big change in a system the buck always has to stop with some individual.
With nobody in charge, you'll just drift around at the same local maximum--sometimes going up a bit, sometimes going down a bit, but never moving to an even larger but different source of value.
I dunno... just a thought....
As a deflationary currency, bitcoin would be a hypothetically good store of value if a bitcoin actually had any intrinsic or even just de facto value. But it clearly doesn’t: it’s only the conversion to and from USD (and others) that has given it any value at all as an investment vehicle to some. And _that_ value isn’t guaranteed preserved one bit.
The crux of the matter lies with your last sentence: "They simply need to be desired by the market"
Ergo, the quality of an asset as a "store of value" (the point of contention I was addressing in my comment) is directly mapped to the desire. BTC's desire is insanely volatile, automatically making it a poor store of value.
My point is precisely that all assets used as currency are oftentimes intrinsically worthless. It's the demand - and the liquidity it provides converting to and fro said currency from other goods or currencies - that makes it a value storage vehicle. BTC, as a "value storage vehicle," is a very poor choice. Gold isn't.
Not only that, but it's shown that it doesn't have the ability to make the changes necessary to innovate and stay current.