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elsat

Store of value means nothing if there is no sovereign medium of exchange.

#p2p

techfeudalist 1y ago

I’m not sure why you say that. As one example, gold is currently a store of value and not a medium of exchange.

Bitcoin on L1 is clearly a better store of value. Why does that mean nothing?

Are you saying that L1 bitcoin would be worthless if it’s not a medium of exchange?

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elsat 1y ago

Gold is irrelevant, and a failure in the modern age, as it trends to centralization. If you need to use an institution’s vault, or need to seek permission from the Finkster, from Epstein’s banker to spend it’s gg.