0 sats \ 2 replies \ @justin_shocknet 12 May \ parent \ on: Maxis lost the plot bitcoin
This sounds like a time preference grief.
I came into Bitcoin as an agorist interested in MoE, but thats a latter act in the story.
The farmer needs to save in Bitcoin otherwise he has no reason to exchange for it.
Stingy people exist in fiat too, there's far more of them clutching their shekels earning yield below the rate of inflation.
Appreciate your time preference horizon, you may be right.
I don't think in Act terms because I see things as more complex than a simple n-step evolution, mass MoE shall happen before the mass adoption as SoV, otherwise mass SoV withouth MoE means full bag holders with no use case.
Farmer may start receiving bitcoin and then start studying it. From studying he/she maturates understanding and starts saving the bitcoin that he receives from time to time, when before he/she was selling to get fiat. This is not a necessary path, but is how 90/95% of merchants accepting bitcoin actually understood bitcoin, at least from my experience.
reply
Sure there's no true line if demarcation, but general adoption waves
The bigger issue is when people gripe about anyone with an SoV focus, that's always a first principle and not mutually exclusive to MoE
The MoE tools I build are only possible because they bring the prospect of being monetized with a SoV
reply