emphasized text From a protocol-design perspective, Bitcoin is often described in different ways:
as a store of value, a settlement layer, or as censorship-resistant money.
Specifically, I’m trying to understand which of these roles is most fundamental
according to Bitcoin’s original design and technical constraints:
- Is Bitcoin primarily intended as a long-term store of value?
- Is it designed mainly as a base settlement layer for large or infrequent transactions?
- Is censorship resistance the core property that defines its role?
- Or is Bitcoin intentionally a combination of these roles rather than a single one?
I’m looking for answers grounded in Bitcoin’s protocol design, the original whitepaper,
or widely accepted technical reasoning (e.g., block size limits, fee market dynamics,
security assumptions), rather than price speculation or investment narratives.
References to specific parts of the whitepaper or protocol behavior would be especially helpful.
