utxo the webmaster ๐งโ๐ป
· 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...
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.