Replying to Avatar Rekit Nakkor

Bitcoin's power lies in giving people the ability to self-custody and to make private transactions between self-sovereign individuals without surveilling and controlling rails. The store of value narrative is a misleading maneuver; it gives power to the exact fiat control that needs to be made irrelevant.
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Rowan 2mo ago

It isn’t a narrative. Bitcoin stores purchasing power into the future by virtue of its engineered scarcity.

That’s just what Bitcoin does.

You couldn’t use Bitcoin for day-to-day transacting historically because blocks were often full and transactions were expensive. No-one is going to pay $20 in fees just to buy something small.

We needed lightning to get built out before it became useful to the world as a medium of exchange. Lightning is still actively in development.

We’re all very very early

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Rekit Nakkor 2mo ago

Value come from utility. Bitcoin is of course a store of value, but will seize to be if the utility vanes. The narrative of first and foremost focusing on store of value is deceiving. When push comes to shove, Bitcoin will mean something but your paper claims on its value will not.