DrJeff on nostr

Open in Damus

@DrJeff 1723823497

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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only Satoshis · 84w

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.

Sats Dragon · 84w

Sounds reasonable. The interest in ETFs definitely shows store of value is here. I think lightning, ecash, fedi, nostr, etc development this decade and will drive the medium of exchange, starting in the unbanked/weak currency countries first.

The Fertile Crescent · 84w

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.

Pedro 🧨 · 84w

Getting into arguments with fiat brains is a futile exercise. Period.

Average Geo · 84w

I am intrigued to see how the “Unit” does once the BRICS coalition starts to utilize it. While I do that, I stack sats!