Replying to Avatar Kuba

I think what is being forgotten is that while a currency must not be inflationary to be a good store of value, it must not be deflationary as well to be a good medium of exchange. That's not what bitcoin is at the time of ongoing bitcoinization, and that's why it's difficult to promote as a MoE.
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Hynek 7mo ago

Prices need to be informative, not necessary stable

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Kuba 7mo ago

It's not about stability, it's about the effect of deflation on your consumer behavior. In deflation, you delay consumption and don't exchange deflationary currency in anticipation of its higher value in the future. If you have other nondeflationary money available, you are more likely to use that.

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Hynek 7mo ago

You have a great point, but I think it’s also fallacy. I’ve tried to express it here:

https://github.com/hynek-jina/Hynek/blob/main/blog/Is%20it%20time%20to%20pay%20with%20bitcoin.md

Or here in czech here:

https://jednadvacet.org/je-na-case-platit-bitcoinem/