Store of value first. Medium of exchange follows.
Discussion
That's not what happened with Gold, is it?
That’s how money evolves. Always.
Gold proved it. It worked as a store of value. But it failed as a medium of exchange. Because it can’t scale as payment. And in the end it got captured by banks and states.
Gold failed in movement.
Bitcoin thrives in movement.
That’s why Bitcoin eats the whole stack 🍽️
SoV → MoE → UoA
Thank you satoshi 🧡🗽
Ok but a lot of the big wigs are shifting the narrative so now BTC is a store of value, but it should be held by institutions and not used by plebs for transactions. When Saylor made his infamous "paranoid crypto Anarchist" statement, he was talking about us.
They want us trading digital tokens that they issue and control. They want to revoke self custody. We must draw a line in the sand to preserve the original ethos of the "paranoid crypto Anarchist." Not your keys, not your coin.
I’m very much aware of their interest.
They want to trap Bitcoin back into the same fiat prison.
“Store of value only” but in their vaults, on their terms with their rules.
I reject that.
I use my corn as my money.
To separate money from state.
To live free.
Not your corn not your freedom. That’s it. 🧡🗽
Bro.
I was using Bitcoin as a medium of exchange back in like 2012, maybe earlier.
To be honest my memories of that time are a blur. All them research chemicals.
Some people never came back from those trips.
It's not what happened with Bitcoin either
I believe that this will be the case
All of the O₿s know that you could buy drugs with Bitcoin before it was ever considered a store of value by anyone.