Bitcoin gigabrain economists claim that bitcoin have to go through a broad Store of Value fase to become a Medium of Exchange. If this is true and the SoV fase is compromised by trusted third parties it will never be broadly adopted as a MoE. We can mitigate this risk by using bitcoin as a MoE today and prove them wrong.
Discussion
* We can mitigate this risk by holding our own keys and using bitcoin as a MoE today
I actually think the whole narrative of “SOV first before MoE” is being used to neuter btc to be like gold. Where it’s a shiny pet rock that’s not a threat to the central banks. There are many places in the world outside the west where btc is being used as a MoE so I totally agree that this trend must continue to accelerate