CarlBMenger on Nostr: Bitcoin is much more than only a store of value. It’s money and thus it’s also a ...
Bitcoin is much more than only a store of value. It’s money and thus it’s also a medium of exchange.
It’s not dump to have a circular Bitcoin economy, because than the producer gets something accurate for his/her work as well.
And when you stack more than you usually would and spend it with people who sell their goods or services for Bitcoin, than we can speak of hyperbotcoinization bc everything is valued in Bitcoin.
Your theory is still a fiat world with #Bitcoin as savings technology, not really a revolution bc we had the same with the Gold Standard.
What would be the difference when everyone is holding their coins in hardware wallets for eternity and not spending a single day than with holding gold in vaults?
It’s not dump to have a circular Bitcoin economy, because than the producer gets something accurate for his/her work as well.
And when you stack more than you usually would and spend it with people who sell their goods or services for Bitcoin, than we can speak of hyperbotcoinization bc everything is valued in Bitcoin.
Your theory is still a fiat world with #Bitcoin as savings technology, not really a revolution bc we had the same with the Gold Standard.
What would be the difference when everyone is holding their coins in hardware wallets for eternity and not spending a single day than with holding gold in vaults?