Damus
Deleted Account · 93w
I don’t get your point? How can money ever be used as MoE when people don’t use it as a UoA? They use dollars as the unit of account and then convert that into sats to get the price. Unit of accou...
Saberhagen The Nameless profile picture
MoE comes before SoV according to the Mises/Menger

Not that I care about the theoretical, but the SoV > MoE crowd are "austrian econ" fanbois as well. That's why I brought up Mises/Menger. If you're not, then yea this won't be persuasive. But in that case, I'm curious where are you getting the idea that SoV comes before MoE from?
Deleted Account · 93w
I outlined it above, it only makes sense. Humans have a tendency to get rid of the weakest moneys. If you were in Africa a couple centuries ago and had the option to trade with glass beads, which would lose all its value in the near future, or gold. Which would you choose? Same thing applies today....
Deleted Account · 93w
We are going through the monetisation of bitcoin. So we are incentivised right now just to save in it and ride the wave. Spending now has a Huuuuuge opportunity cost.