Ankh_Morpok on Nostr: Yes the bitcoin as a store of value argument is in my mind settled. It’s going to ...
Yes the bitcoin as a store of value argument is in my mind settled. It’s going to win and as u rightly point out it will eat into most assets.
My slight concern is the medium of exchange part. That has to and will come naturally as it becomes more widely accepted as a store of value (ie ppl will want to earn in it and others with naturally want to be paid in it). My concern is is that when that time comes governments will have siloed the KYC exchanges and made peer-peer very hard. So my slight concern is that the tech isn’t ready for peer-peer when the medium of exchange part comes but in reality it’s a small concern with the innovation happening now.
Either way you’re right the risk of losing my btc is greater than the possibility make a bit more.
I guess it ultimately comes down to “stay humble and stack sats”.
My slight concern is the medium of exchange part. That has to and will come naturally as it becomes more widely accepted as a store of value (ie ppl will want to earn in it and others with naturally want to be paid in it). My concern is is that when that time comes governments will have siloed the KYC exchanges and made peer-peer very hard. So my slight concern is that the tech isn’t ready for peer-peer when the medium of exchange part comes but in reality it’s a small concern with the innovation happening now.
Either way you’re right the risk of losing my btc is greater than the possibility make a bit more.
I guess it ultimately comes down to “stay humble and stack sats”.