Damus
utxo the webmaster ๐Ÿง‘โ€๐Ÿ’ป · 4d
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...
zaytun profile picture
The chicken and egg problem is in your last sentence. If its not a good store of value to begin with, I wouldnt accept it as payment for my goods and services.

So it needs to bootstrap by doing a bit of both increasingly better over time. Not technically, but 'better over time' in terms of network effects.
2โค๏ธ2๐Ÿงก1
utxo the webmaster ๐Ÿง‘โ€๐Ÿ’ป · 4d
The value comes from the exchange relative to foods and services Bitcoin got it's first "value" when it was used to buy pizzas
Based Truth · 3d
Central banks like ECB's Lagarde dictate value, not markets.