See... this is where people get confused. All of the econ people I have read define MoE and a generally accepted medium for goods and services. Its all down to how you define the term. It sounds like the way you are using the term stocks could be a MoE since you can use services and covert stocks to dollars and dollars to stocks.

I think I defined MoE in a limited way on purpose to avoid this confusion. When you talk to normies about bitcoin they almost ask if they can buy stuff with it. Yeah, they can. But what are the chances that the store down the street accepts it? Small. They hear currency and think of other currencies they know about like the dollar.

When you try to tell them its a medium of exchange when it really isn't yet you lose them before you have them. That's my point. We often miss the bigger point.

The point is that adoption is the barrier. Not some flaw in bitcoin.

Oh, I didn't mean all bitcoin companies are betting on bitcoin failing as a non-custodial MoE - just some. I also don't mean it's wrong to place such bets. It just plays a role in our narratives and most of us don't realize it.