I don't disagree there. it is a medium of exchange.
bitcoin is money. money has a definition. one of the money properties is store of value. otherwise why would you accept it.
there is no such thin...
money isn't a store of value though. inflation says it isn't, which is why for long term we exchange money for things - property, shares, gold, etc.
money is just a means to exchange value simply. if you had to buy a house in chickens it would all be rather awkward.
money only has value because we all agree it does.
as for the hoarding by institutions I was saying theres not enough money, I'm saying what if there's none? if they eventually suck it all up in order to get rid of it.
legislation against BTC won't kill it, just drive it underground. so jusy spend the money to buy it all up and then do what you want with it.
if you're one of the last few to hold coins and some suit comes to your door with bags of cash, most people will take the money.
money is just a means to exchange value simply. if you had to buy a house in chickens it would all be rather awkward.
money only has value because we all agree it does.
as for the hoarding by institutions I was saying theres not enough money, I'm saying what if there's none? if they eventually suck it all up in order to get rid of it.
legislation against BTC won't kill it, just drive it underground. so jusy spend the money to buy it all up and then do what you want with it.
if you're one of the last few to hold coins and some suit comes to your door with bags of cash, most people will take the money.