"If Bitcoin isn't a medium of exchange it will fail as a store of value. If you're not using it as a medium of exchange, you're relying on other people to use it as a store of value to protect your wealth" nostr:nprofile1qyfhwue69uhkcmmrv9kxsmmnwsargwpk8yq3gamnwvaz7tmpv4nkjueww468smewdahx2qpqs05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sgjmwnq
This nostr:nprofile1qyt8wumn8ghj76r99eex2mrp09skymr99ehhyecpzemhxue69uhkjmnzdauzumn0wd68ytnhd9hx2qpqmrmu3s5889zcaqcqwxejx8gtkp9rwna7fq0vqezk4x22rnpr2gms0sctx3 pod specifically starting at the 34 minute mark is in my opinion the most underrated pod if you're in the Bitcoin circular economy or aspiring to be because it explains the gravity of how important medium of exchange is.
If you're wondering why after 16 years people are still not getting Bitcoin as a store of value then you've just not come to terms with a few very important risk factors that still exist which are the survival value mindset of paycheck to paycheck citizens and how easily an effective PR campaign could roll out for the fiat kings that influence centralized terminals.
Here's why this is a very easy attack vector to exploit against Bitcoiners:
The fiat wealth gap will continue to decimate the middle and lower socioeconomic classes while continuing to crown the fiat kings as their assets gain more value from doing nothing. If you're looking at your traditional Crossing the Chasm model, fiat kings and lower socioeconomic classes are the late adopters and they are the 99%. Not only are they the biggest group by volume but have the most influence on the existing system to remain in tact. Even at the detriment to the lower classes.
As much as you are trying to help the people with Bitcoin's store of value pitch, lower classes are not able to think past basic needs and day to day mentality so much so that Bitcoiners seem to be the people least empathetic for pitching a store of value or anything that shows it's benefit in the future. Add the fact that you are talking about money, hinting at lack of technical aptitude... talking to them about a 4 year time period might as well be slapping them in the face.
They think we are arrogant and once they've heard the "Ponzi Scheme" one time they found their ego's sliver bullet forever. They're hoping Bitcoin fails. They're looking for ways to make you look stupid.
Fiat kings have every incentive in the world to keep the existing structure in place and fiat kings have so much power to influence centralized systems like payment terminals at a point of sale or online. They are in bed with the payment networks and pay the most fees to Visa, Mastercard, Stripe and Shopify.
You're out of your mind if you think fiat kings think they will change up how they do things to promote Bitcoin. I've been face to face with CEOs of the most profitable companies in the World with exorbitant amounts of cash explaining to them they should put some money into Bitcoin and explore how much they're spending on credit card fees. They are very sure I am very stupid because, to their credit, what they are doing is WINNING and even outpacing Bitcoin's growth with what they are doing.
They have deep pockets and deep influence to make sure nothing fucks with their gravy train. Not even logic. They have so much pull with so many vendors who also don't want to see Bitcoin win.
All of this is to say that this is why every vote you make with dollars in the existing system, without exaggeration, is a non linear vote for that system to continue and a non linear vote for the Bitcoin medium of exchange to never achieve critical mass.
The attack vectors most concerning now is in fact where medium of exchange is happening. It's where the centralization benefits the fiat kings. Centralization is negative to us but it's a PR campaign waiting to happen that makes them seem like the good guys to the people that need Bitcoin the most. Fiat kings ARE helping middle class and lower class get the things they want and need more than Bitcoiners right now.
On a positive note, living on a Bitcoin standard is as simple as curating for your 10-20 dependencies among Bitcoin products. Showing your friends and family you're happily and easily living on a Bitcoin standard is likely the better path to showing them it's only possible because store of value works.
After 16 years, maybe it's time to try the medium of exchange approach.
Hold their hand. Send them sats. Introduce them personally to Bitcoin founders on NOSTR like nostr:nprofile1qythwumn8ghj7enfd36x2u3wdehhxarj9emkjmn9qyxhwumn8ghj7mn0wvhxcmmvqqswp94gnm4epqsgjkndl4lnd8krzdj5u4mzuppdtxksdymkty63g7gumyrnw nostr:nprofile1qy28wumn8ghj7ctvvahjuat50phjummwv5hszrnhwden5te0dehhxtnvdakz7qpqzzmxvr9sw49lhzfx236aweurt8h5tmzjw7x3gfsazlgd8j64ql0sx6f08g nostr:nprofile1qyxhwumn8ghj7mn0wvhxcmmvqyw8wumn8ghj7mn0wd68ytnzd96xxmmfdejhytnnda3kjctvqqsg8vu4lh5gtdmwhe6qvk9lx98fzs2df4htd7uj8y5h25477vduwmq03smf2 nostr:nprofile1qy88wumn8ghj7mn0wvhxcmmv9uq32amnwvaz7tmwdaehgu3wvf6xx7ng9e68wtcqyqtt6h8gfw08ttlspurdw8u5vlnzmgugzvtgmfyt3m4kht09lwfextf6txx nostr:nprofile1qyxhwumn8ghj7mn0wvhxcmmvqyw8wumn8ghj7mn0wd68ytnzd96xxmmfdejhytnnda3kjctvqqsznrd3fwyguj7zyxawr0wy03u8frc57xefd0ju2eqcgfdnjjq55lscefcev .
Show them how to buy products, how simple it is and let them be blown away at the quality of the products, the quality of founders and the thoughtfulness of these companies. They're not used to being treated well and fairly. They've lost hope for good reason. They've been forgotten. You have to meet them at their mindset which is a forced short term thinking from the fiat kings.
This is how we win. You have to show them how to win in a short term time frame. That is with the medium of exchange. One product and one Bitcoin founder at a time.
