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0 sats \ 0 replies \ @Solomonsatoshi 25 Jan \ on: Where does Eugene Fama think currency gets its value from? econ
Money gains its value mostly by enabling MoE.
Bitcoin is not mostly being used for that.
It has been slyly obstructed in terms of MoE and this leaves it as a speculative commodity that while theoretically can still be used as a MoE, it is rarely used in that role, and thus does not add value by enabling convenient exchange of value between participants in an economy.
This sly obstruction has been imposed without most Bitcoiners seeming to even realise how it succeeds in undermining the protocol and preserving fiat hegemony.