Getting into medium of exchange arguments with fiat brains is a futile exercise.
The world doesn’t really need yet another medium of exchange.
But most people *desperately* need an appreciating store of value to combat ubiquitous government fiat currencies, which exist primarily to steal humanity’s purchasing power over time.
#Bitcoin returns, protects, and appreciates purchasing power over time to those who choose to voluntarily join the growing monetary network.
Eric Yakes writes about the three stage evolution of the new monetary foundation here:
https://epochvc.io/writing/
Please Login to reply.
Exactly.
My (approximate) time frames for the progression:
Collectible: 2010s
SoV: 2020s
MoE: 2030s
UoA: 2040s
And the best thing we can do is encourage circular economic networks to self-assemble and connect across the world.
Seems useful as a unit of account already.
