Damus
DETERMINISTIC OPTIMISM ๐ŸŒž · 66w
You don't have to choose between Bitcoin as Store-of-Value and Digital-Cash. Fighting SOV bitcoin is like fighting water. Bitcoin is a central bank replacement. It's the only non-counter-party thing...
Matthew D profile picture
Read the "boring gray metal" Bitcoin talk post.

OP covers this well from like 2010. Market needs a large enough pool of reference prices whereby people demand the goods priced in sats.

The entire history of economics relies on reference prices, one system referencing the prior system - building on itself and leveraging exploits in the old system to build the new.
1โค๏ธ1๐Ÿค™1
DETERMINISTIC OPTIMISM ๐ŸŒž · 66w
One of my favorites