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5 sats \ 4 replies \ @didiplaywell 16 Oct \ on: Parker Lewis' EXCHANGE THEORY OF VALUE (Why HODLing forever is asinine) bitcoin
I'm surprised it's even a theory. The only reason bitcoin is worth anything is that's a better medium of exchange (be it directly, as the token itself, or indirectly, as a settlement layer). Period.
I agree. However I would like to see more businesses and merchants accept Bitcoin for payment. I look for them everywhere I go... Stacker News mostly for now. Excited about Proton Email + Wallet for common usage.
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We are far from that still. The solutions that can allow for that level of adoption are not even in development yet.
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I use lightning every day. I have lightning channels that work virtually everywhere. And sats to spend (10$ for example) and there's nowhere to spend them. It's not a great situation honestly.
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It will remain like so for a couple of years still. I'm working on a solution to that problem, will share the whitepaper once it's finished.
For instance, you can read the background of the problem in this short post of mine:
The Paradox of Bitcoin Adoption
It's the problem I'm aiming to solve.
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