Whether you agree with Saylor or not. He’s obviously understands the different stages money goes through and knows MoE comes after SoV. If I was a tech billionaire with ties to Wall Street I would play the exact same cards Saylor is currently playing. We must remember we haven’t won yet.
Discussion
He understands fuck all and produces nothing of value. Wake up and stop eating his podcast philosophical austrian economics bullshit.
He produces circa 500m income, annually, from customers, I assume, who value what he sells ?
He’s onboarded more people with his explanations and intelligence than any other participant bar Andreas since 2020.
Your aggressive stance towards him and those that appreciate his podcast appearances/ explanations isn’t going to help move Bitcoin forward.
You should try adding something rather than just shouting criticism - or is that too much effort?
I don’t get your point? How can money ever be used as MoE when people don’t use it as a UoA? They use dollars as the unit of account and then convert that into sats to get the price. Unit of account can only be had after we have dethroned the dollar. This can only be accomplished after sucking all of the monetary value out of the system.
MoE comes before SoV according to the Mises/Menger
Not that I care about the theoretical, but the SoV > MoE crowd are "austrian econ" fanbois as well. That's why I brought up Mises/Menger. If you're not, then yea this won't be persuasive. But in that case, I'm curious where are you getting the idea that SoV comes before MoE from?
I outlined it above, it only makes sense. Humans have a tendency to get rid of the weakest moneys. If you were in Africa a couple centuries ago and had the option to trade with glass beads, which would lose all its value in the near future, or gold. Which would you choose?
Same thing applies today. Why trade in Bitcoin if you hold fiat. Only once everyone saves in bitcoin and it sucks up the monetary premium laying around in real estate, gold etc and the price stabilises, then it should be used as MoE. It’s only justifiable to spend bitcoin if you earn in bitcoin and hold no fiat.