Ankh_Morpok on Nostr: I’ve had 2 revelations about bitcoin which I’m quite proud of: 1. There are 2 ...
I’ve had 2 revelations about bitcoin which I’m quite proud of:
1. There are 2 headlines in the genesis block. One about chancellor printing money and the other about Israel invading Gaza again. I’m sure Satoshi wanted to highlight money printing and its consequence which is cheap forever war.
2. The “store of value” vs “medium of exchange” debate is a nonsense. As people store their value in Bitcoin and as it goes up, and they realise it is amazing, they’re going to demand to earn in it and shops are going to want to sell in it and will even offer discounts to be paid in Btc. Ie. it will inevitably become a medium of exchange.
#bitcoin #nostr #nsfw
1. There are 2 headlines in the genesis block. One about chancellor printing money and the other about Israel invading Gaza again. I’m sure Satoshi wanted to highlight money printing and its consequence which is cheap forever war.
2. The “store of value” vs “medium of exchange” debate is a nonsense. As people store their value in Bitcoin and as it goes up, and they realise it is amazing, they’re going to demand to earn in it and shops are going to want to sell in it and will even offer discounts to be paid in Btc. Ie. it will inevitably become a medium of exchange.
#bitcoin #nostr #nsfw