Damus
xte · 1w
Store of value in a multi-meaning word, in exchange terms against fiat currencies BTC it's not and never was a store of value since it's value against fiat keep changing (climbing up, in general, whic...
mytwosats profile picture
i do understand BTC as base Money. even If BTC suceeds most people wont use it directly. here we are, happy pleps paying in satoshies whenever we can. but we can look into the past. how did it work in the goldstandard and where was the failing point. maybe a permissionless credit layer on top is needed. settlement in BTC. Credit for the Economy to work but without fucking the hard working plep by stealing his buying power. https://www.bit.cr/

1
Standard Sats · 1w
Very well captured!!!! Bitcoin onchain is the base money ontop which credit can be created on other layers, but the base layer enforces the rules which prevents inflation and debasement. That is it!