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Getting into medium of exchange arguments with fiat brains is a futile exercise.

The world doesn’t really need yet another medium of exchange.

But most people *desperately* need an appreciating store of value to combat ubiquitous government fiat currencies, which exist primarily to steal humanity’s purchasing power over time.

#Bitcoin returns, protects, and appreciates purchasing power over time to those who choose to voluntarily join the growing monetary network.
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utxo the webmaster 🧑‍💻 1y ago

Good money needs to do both imo, but it starts with being valuable

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less 1y ago

Yes.

I believe that bitcoin is many years away from being a great, ubiquitous MoE for the world.

This is the store of value decade.

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Des Imoto マキシ 1y ago

#Bitcoin will not succeed if it doesn’t become a broadly used MoE soon. Because it needs to be highly distributed and not highly concentrated. Being concentrated in ETFs, strategic reserves and corporations allows it to be diluted through futures, derivatives and fractional reserves and hence also lose its SoV by essentially inflating it. Cornering Bitcoin as a SoV is an attack vector.