Why medium of exchange must lead, not store of value:
How did you buy the coins to store the value? After fiat taxes from a KYC exchange? That's worthless
No, to store the value you must first acqu...
Back in the day, I collected the bitcoins from faucets, they were practically worthless.
And being a means of exchange first, I didn't think to hold onto some, I spent everything I had collected on drugs when it was a few hundred dollars a coin.
I was young, trying to impress my friends, and nothing else it could be spent on at the time.
But my point is, that it was a means of exchange first.
At the time most people thought it would fizzle out due to regulations and probably stay as black market internet currency.
Only schizos that see the future knew it would eventually be adopted by the financial system as a store of value.
And being a means of exchange first, I didn't think to hold onto some, I spent everything I had collected on drugs when it was a few hundred dollars a coin.
I was young, trying to impress my friends, and nothing else it could be spent on at the time.
But my point is, that it was a means of exchange first.
At the time most people thought it would fizzle out due to regulations and probably stay as black market internet currency.
Only schizos that see the future knew it would eventually be adopted by the financial system as a store of value.