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31 sats \ 0 replies \ @sophostheliberator 20h \ on: Jeff Booth's premise econ
I disagree with Jeff's Booth idea that it essentially must be used as a medium of exchange. During the high upward volatility in adoption, it is understandable that the MoE side of it is not in wide use. I do think it will eventually in upcoming decades be up for widespread adoption again, but first I think it needs to become universal measure of value (unit of account), when most people start to think in sats around the world, it also makes it easier to pay with sats instead. And I think the MoE think is likely to happen outside U.S. and dollarized countries quicker.