Replying to Avatar Satosha

It is simply a piece of paper .. the purpose is to allow people exchange assets .. and collect taxes .. unit of account and unit of exchange .. it is enforced through law and monetary policy .. the

Now, that has an important role to play in modern society - monetary policy evolves .. for example we have a mandate of two percent inflation today .. it may change to four percent tomorrow .. but that doesn't matter because people are supposed to hold a super tiny percentage in money .. they are expected to convert it to assets as soon as possible ..

The bigger problem is legacy assets are hard to acquire .. I need half a million dollars to buy a desirable property .. and acquisition cost is around six percent .. so most people are priced out .. add to that the burden of KYC .. bitcoin is the APEX asset because anyone anywhere can acquire #sat s for practically zero acquisition cost with no KYC .. but that doesn't make sats money .. it is still super liquid , super slivered asset .. never sell your #sats .. instead zap them to me :-)
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Satosha 10mo ago

The way society implements this simple idea is to embed it in culture :

Boarding money is considered Greed ( cuz it has no value )

Hodling gold ( and now #bitcoin) is considered a virtue .. an auspicious thing ..

Value is created by the underlying network of asset .. it is tokenized to allow people acquire a tiny piece of asset(s) network .

Money is designed to carry value from one asset to another .. it has no inherent value of its own except that me and you both agree that a coffee is worth 2 bucks today ..and pumpkin latte is five .. really :-)

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Satosha 10mo ago

And to your point as to why Dollar is better money .. it is because US has the best law and order .. despite what DOGE is revealing :-) ..it still is the best monetary system ever established by humans .. and partly because of independence of Fed but mostly because of its widest acceptance ..

In essence , as if this morning , dollar is best money , bitcoin is the best asset ! Bitcoin to store value , money to transact ..