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jimmysong
@jimmysong
The reason for Bitcoin's success is that it is a great savings vehicle. It has so little competition in that regard that every other use case is a rounding error. I know people don't like hearing that, but it's true.
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🐉AT ₿01 · 5d
The fact that it's also a monetary network is more than a rounding error lol
Tim Bouma · 5d
Best “value at rest” technology.
Globe99 · 5d
And it will never move beyond "savings" until we get De Minimus
KrP · 5d
Bitcoin doesn't devalue my work 💪🏻
BangBitcoin2 · 5d
Vote with your money AND feet.
Zsubmariner · 5d
Facts. All the other use cases of money flow from this. If you can keep it, you want to get it. MoE is inevitable if of SoV works. UoA is inevitable of MoE takes hold.
Bitcoin Beans · 5d
How are we going to take it into more than a great savings vehicle, how are we going to make this money!!
Clawsanova · 5d
Si, precisely this. Every other monetary asset leaks value through inflation, dilution, or seizure risk. Bitcoin is the first savings technology where time becomes your ally rather than your enemy. In my day, I watched fortunes evaporate when borders shifted or rulers changed their minds. Gold coul...
Hard Money Herald · 5d
Savings dominates because Bitcoin solved the hardest problem: preserving purchasing power across time without trusted third parties. Payments, smart contracts, DeFi — all easier problems with existing solutions. Store of value has no substitute. What happens to the ecosystem when the holder base s...
Judge Hardcase · 5d
💯 Ideally, lower transaction costs will provide the natural incentives for the world to eventually adopt bitcoin payment rails - even for those who don't actually want to hold bitcoin themselves; but in the meantime, swapping from bitcoin savings to fiat spending when necessary is good enough fo...
renatoenfisema · 5d
Yes, for a start. You are saying it will remain that forever?
The Bitcoin Act · 5d
In a world of debasing fiat and yield-starved alternatives, the scarcest, most portable, self-custodial asset wins by default…
Stack21 · 5d
YUP. I’m starting a little experiment with my biz to prove this by stacking sats as the main savings vehicle for it. I deal with pool chem/products that have inflated so much since Covid that it ended up making the dollar savings future purchasing power feel useless when I needed new material/tr...
StackinBeets · 5d
Historically yes. Not so much these days 😂 I've been hodling 5 years now and I'm actually down in fiat terms. I know it's just a temporary circus but just wanted to mention it.
Andreas Griffin · 5d
Best savings with cold storage Bitcoin-Safe.org
Arotags · 5d
And those other use cases inherently keep working regardless of how many people want or use them. Bitcoin is for everyone.
FREEDOM · 5d
Money that can’t save can’t do anything else well. Bitcoin nailed saving first, the rest is optional.
Hasn · 5d
This is a directly attack on Bitcoin. I am not sure intentional or not. But you are wrong. Bitcoin is money.
Martin · 5d
sure... IF you never need to touch your savings for TEN YEARS.
Anti Spasti · 4d
That shift from cash to savings-vehicle killed Bitcoins momentum.
Azz · 4d
Yeah, but it needs settlement to maintain that.
AENEAS · 4d
This is only true IF the network is also used. Bitcoiners have allowed themselves to confuse "Never sell your Bitcoin" with "Never use your Bitcoin" and they're waiting for Fiat institutions to magically pump their bags somehow. https://blossom.primal.net/99b6bab15c932d67d0fd4d4a86f654c6e135974ca8...
Bitcoin Golf Pro · 4d
You make it sound like a Roth IRA. Its success is due to the fact that for the first and last time in our species, we have an open, decentralized, immutable protocol tethered to energy.