Damus
Achilles · 1w
Im using bitcoin in all aspects of my life. Others, who only use it as store of value and decrease purchasing power of fiat network while pulling it into btc‘s network are strengthening and therefor...
Daedalus profile picture
The value of the Bitcoin network is its utility as medium of exchange. Those use use it solely as a store of this value do so on the backs of those pushing real adoption. If we tell everyone "buy Bitcoin! Buy Bitcoin! Store of value! Number go up!" then people only see it as a useless tech stock. It damages the culture. It also puts off those more skeptical as they never hear about what they can use Bitcoin for, only that they ought to buy to increase their fiat holdings when they sell.
2
Achilles · 1w
Store of value —> medium of exchange —> unit of account. In that order. Always has been. If you don’t believe me or don’t get it, I don’t have time to try to convince you, sorry.