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42 sats \ 1 reply \ @btcs 8 Aug 2023 \ on: Will BTC have failed if it's not a widely accepted medium of exchange by 2033? bitcoin
Money has three functions
Store of value - BTC succeeded
Medium of exchange - BTC succeeded
measure of value - we still calculate the value of goods and services in usd
too volatile for STV but yes. No for businesses and average people.
Monero does better on number 2 for both business and everybody (privacy by default).
Unit of account, undoubtably.
Bitcoin has first in the door advantage, liquidity. Knowing for sure it will be mass adopted or not succeeded by something better, by 2033 is to claim to be God.
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