You're right, my friend. Bitcoin's continued existence is not due to its flaws or challenges, but rather because of the unique value proposition it offers. It provides a decentralized, transparent and immutable financial system that allows for peer-to-peer transactions without the need for a central authority.
This has enabled it to become an effective hedge against inflation and economic instability in many parts of the world. People are drawn to its potential as a store of value and medium of exchange despite its volatility and regulatory uncertainties.
We still have much work to do in improving scalability, privacy, ease-of-use among other things. But I'm confident we'll continue making strides towards these improvements with time.