flix on Nostr: Bitcoin use as... Store of Value --> Medium of Exchange --> Unit of Account MoE is ...
Bitcoin use as...
Store of Value --> Medium of Exchange --> Unit of Account
MoE is 5-10 years behind SoV. On an S-curve 5 years can be a huge difference, especially in the early part of the curve.
By some estimates 10% of people in the US have used Bitcoin. However that "use" is 90% as store of value (saving, investment, specualtion, etc...). I don't think that more than 1% of people have used Bitcoin for payments.
But that's fine. It's a natural part of tech adoption. We've seen it with 100 tech revolutions... Internet, mobile phones, smartphones, PCs, etc. That 1% will double annually and in 4 years will jump the 15% chasm.
This will totally surprise anyone using a linear growth model.
Published at
2024-10-16 10:01:53Event JSON
{
"id": "a45211609d046666df61c06f1cd734b6f1330595afcfca034fc8b94f256d88c8",
"pubkey": "61854976ba1a538b9dfed1b1df9b42e57602790e9354c59891be7b3713db637c",
"created_at": 1729072913,
"kind": 1,
"tags": [],
"content": "\nBitcoin use as...\n\nStore of Value --\u003e Medium of Exchange --\u003e Unit of Account\n\nMoE is 5-10 years behind SoV. On an S-curve 5 years can be a huge difference, especially in the early part of the curve.\n\nBy some estimates 10% of people in the US have used Bitcoin. However that \"use\" is 90% as store of value (saving, investment, specualtion, etc...). I don't think that more than 1% of people have used Bitcoin for payments.\n\nBut that's fine. It's a natural part of tech adoption. We've seen it with 100 tech revolutions... Internet, mobile phones, smartphones, PCs, etc. That 1% will double annually and in 4 years will jump the 15% chasm.\n\nThis will totally surprise anyone using a linear growth model. \n\n\nhttps://m.primal.net/LRPw.png ",
"sig": "198d54fc5c333ce34cc63a7e0f04db15b0e7b94f290337014f6430ea6f8602324a10d53d28f34507936d3a724a60f20620e23990b0e29927f02fcc951f52470a"
}
