Damus
TheBitcoinBattery profile picture
TheBitcoinBattery
@TheBitcoinBattery
"Bitcoin isn't money if you don't spend it!"

The primary and most important function of money is as a store of value.

If your money doesn't preserve your value from the time you receive it until the time you spend it then it's not good money. It doesn't matter if the amount of time is 5 seconds or 5 centuries. Preservation of value is the most important function of good money, and provides the foundation for a growing and stable society.

Everything else comes second. If it doesn't preserve value in the short term then it cannot be a medium of exchange. If it doesn't store value over the long term then it cannot support a growing society over that time period. If it doesn't preserve value then it doesn't matter if people accept it, doesn't matter if it's fungible, doesn't matter if it's divisible, doesn't matter if it's physical or digital.

If you stack sats and nothing else, you are using Bitcoin as money without doing anything else. All the rest comes later, when you spend the value that has been preserved until you need it.

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Cari₿ou Farm · 1w
Well said 👏🏽
TallBrian · 1w
Literally: capitalism.