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0 sats \ 3 replies \ @SimpleStacker 22 Jul 2023 \ on: Tin foil hat time : we're in the "then they mock you" phase. bitcoin
"Then they join you"? I think the quote is "then they fight you" 🤠
Anyway, I don't think the "store of value" terminology is a deliberate undermining. As it stands, Bitcoin is better as a store of value than as a medium of exchange. The throughput is just too small to allow it to function as exchange media for everyday transactions.
Lightning Network is supposed to fix that, but IMO it's still not ready (and I'm growing increasingly skeptical about its overall design).
I hadn't considered bitcoins lagging as a medium of exchange and you make a great point. I'd just looked at "store of value" as terminology to pigeonhole it into a box where they can contain it mostly.
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First they ignore you
Then they laugh at you
Then they fight you
Then you win
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I knew I was missing something. Thanks 👍
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