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Getting into medium of exchange arguments with fiat brains is a futile exercise.

The world doesn’t really need yet another medium of exchange.

But most people *desperately* need an appreciating store of value to combat ubiquitous government fiat currencies, which exist primarily to steal humanity’s purchasing power over time.

#Bitcoin returns, protects, and appreciates purchasing power over time to those who choose to voluntarily join the growing monetary network.

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utxo the webmaster 🧑‍💻 · 80w

Good money needs to do both imo, but it starts with being valuable

Guy Swann · 80w

Those people still don’t understand the problems of money. Most still think money is *supposed* to lose value over time and that this is good for the economy. I’ve come to a point where I start by asking that question, and if they say “yes otherwise people will hoard it,” I know there’s no...

Chad Lupkes · 80w

Eric Yakes writes about the three stage evolution of the new monetary foundation here: https://epochvc.io/writing/

What am I missing? I thought MoE status is less than ideal in developing countries where many are unbanked??

Artur…qywr · 80w

Agree. First, stop the bleeding.

only Satoshis · 80w

For 7B people in the world, Bitcoin is an important MoE tool. These people also mostly don’t have any need for store of value. (No savings yet). It is us 1B, who live in a country that have functioning MoE that need store of value.

The Fertile Crescent · 80w

We don’t NEED it as MoE but we will use as that now to rug pull every gov and corporation that stole from us for decades. Individuals and small businesses now have all the power

Great seeing you here Jeff.