Bitcoin's uses are varied and changing, but they are by no means "attributes."

Use as a medium of exchange or as a store of value are not attributes of Bitcoin. These uses are (subjective) means to achieve (subjective) ends. It is the human being in action (human action).

Bitcoin is in the process of monetization, so in addition to being a good store of value, it is also a good investment, which reinforces its use as a "store of value."

But who would deposit their wealth in a digital good that could not be exchanged again for wealth? Wealth is exchanged for bitcoins not to consume them or to use them in production processes, but to exchange them later for other goods.

Of course, this is done assuming that those bitcoins will be accepted with the same intention, that is, assuming that they are means of exchange, which are used as MoE (whether short or long term).

Another different thing is that it is logical and inevitable that the use of Bitcoin as SoV will skyrocket before the use as MoE skyrockets, but the use as MoE is implicit in the use as SoV.

Reply to this note

Please Login to reply.

Discussion

No replies yet.