I have read both .. those are actually basis of my confusion ! .. I am not sure if they understand the purpose of currency .. and that bitcoin is an Asset .. not currency !
Currency has no inherent value .. it is simply an IOU to convert it into asset of your choice (as soon as possible ) .. we are not supposed to store value in currency .. we are supposed to convert it into consumption or assets of our choice ..
given that money is the *most liquid asset*
its pretty weird to insist people are "not supposed" to use it as SoV
but instead should to convert it into some other asset
its bizarre to draw an imaginary line and say "well currency isnt really an asset, its only function is to get stuff that serves a purpose"
that's just not how people operate IRL and thats the source of your confusion afaict
But that is exactly how people operate ..
Just check around your friends or family .. how much value they have in assets v/s dollar bills ..
People have uncanny ability to smell value !
I am assuming you mean currency bills from money ! Right ?
its true everyone tries to avoid losing purchasing power through inflation.
weird to think that central bank inflation means "money isnt a SoV by definition"
It is .. it is Fed's mandate to maintain 2 percent inflation .. everyone knows that in truth it loses anywhere 10 to 20 percent value ..
I mean when some bitcoiner pumps their chest on podcasts ..telling me that fiat is losing value .. I am like Duh ๐
that doesnt mean currency isnt a SoV
Everything is a store of Value - even Milk in the fridge - question is half life .. milk has 3 days ..fiat 3 years .
Funny thing is normies get it .. bitcoiners don't seem to understand . Because normies seek value - bitcoiners are driven by ideology !
