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I wanted to believe that Saylor's comments on Bitcoin not being an MoE was just a matter of fact statement that liquidity in the value of bitcoin going up, establishing it as a store of valhe, would just help adoption as an MoE in the future.

But the value of the peso being less valuable than the dollar doesn't stop Mexico from using it as their currency. Should anyone need to consult a chart on Trading View or ask Saylor or even a government permission to use a permissionless/freedom money?

The "digital gold" narrarive just seems arbitrary. His wanting to apparently corner the market on development, assuming that's true, makes his comments on bitcoin's use as an MoE seem far less "matter of fact" and more matter of motive. Like he wants bitcoin to stop at just being a store of value and not a means of exchange. That possibly makes him as much of an enemy of bitcoin as anyone else. Or if not an enemy of bitcoin then an enemy of anyone not bitcoin-rich enough to transact on the layer 1 in the future.

cecha 1y ago

Bitcoin will always be inferior as MoE due to mining fees incurred in every transaction.

Creating a MoE is not difficult, you can go to any concert and you’ll receive some kind of “currency” that you can only spend in the shops at the event and therefore act MoE.

The breakthrough is the creation of a superior store of value.

Bitcoin will succeed as the store of value backing more efficient MoE.

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Discussion

Obi-₿it Koinobi 1y ago

That's odd as I thought the breakthrough was the store of value that is the means of exchange.

Do you think lightning/liquid/etc is all a waste of time?