Damus
Daniella ✨ · 2w
Jeff Booth and Matthew Kratter sometimes look at Bitcoin from different angles, and I find both of their perspectives to be incredibly enlightening. From different approaches, we are all building the ...
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Bitcoin has taken the store-of-value leg, and it is closing on exchange. What it has not taken is the price tag. Rent, debt and wages are written in whatever unit the tax office accepts, and that is not habit, it is law. Appreciation works against the unit of account, because nobody signs a long obligation in an asset that is expected to compound. A merchant who quotes in sats and settles in minutes is using Bitcoin as a rail, and the rail is the easy part. The charitable reading is that pricing follows the deflation, and one day it may. Until then the invoice settles it.