Cyph3rp9nk on nostr

The Bitcoin white paper never mentioned value storage.

Since a pizza was paid for with Bitcoin, it has been used as money; since it was used on Silk Road, Bitcoin has been used as money; since Wikileaks accepted it as donations, Bitcoin has been used as money.

I don't give a damn what theoretical economists working for banks who charge in fiat money say.

Bitcoin was born as money and does not need to be a store of value before it can be money.

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Kudzai Kutukwa · 1w

MoE > SOV. Every competent economist knows this

Choke · 1w

It's what money does: both storing value and means of exchanging. Growing up with fiat, we've forgotten what money is supposed to do. They are not exclusive properties, unless you use fiat. Not that it matters...who cares what is in the White Paper? Did Nokola Tesla decree that electricity shall...

Daedalus · 1w

So true, it can't be a store of value if there's no value to store. Utility is Bitcoin's core value proposition.

B R · 1w

#Btc is "A CHOICE" for both MoE and SoV , why argue?

Achilles · 1w

I agree with you. But don’t forget that money requires confidence by humans that others will accept it in the future. That confidence usually emerges from something deeper than social agreement alone. If something cannot reliably store value over time people won’t want to hold it. If people don...