21 sats \ 0 replies \ @DiedOnTitan 13 Sep \ on: Where do you position yourself in regards of what is Bitcoin? bitcoin
Asset -> Money -> Currency
I see it evolving. It tried to be a currency out of the gate, "Electronic cash". But, for a lot of reasons I wrote a bit about, adoption is slow. The SoV property appears to have attracted the first major layer of adoption. Good money is taken out of circulation and bad money is spent and circulated. Gresham's Law.
Looking into history, this aligns with many other forms of money when they were introduced. First they are collected, then exchanged for major ceremonies like weddings and appointing new leaders/rulers. Then for large transactions, then for everything like gold.
Bitcoin is much more divisible and portable than Yap stones and gold, so I have no doubt that Bitcoin will become much more widely adopted.
It's not so much where "I" sit in the Venn diagram. But rather where Bitcoin sits currently.