Medium of exchange will come.
Once Bitcoin is the dominant form of savings, people will widely spend it, and merchants will widely accept it.
There are already many of us who use the lightning network every day.
Medium of exchange will come.
Once Bitcoin is the dominant form of savings, people will widely spend it, and merchants will widely accept it.
There are already many of us who use the lightning network every day.
All this reminded me is that I don’t own enough Bitcoin. Damnit Alan
I'm thankful for this time when there aren't many merchants accepting bitcoin and it's easy to stack. I have no doubt the temptations to part with sats will be plentiful and hard to resist in the future.
IMO medium of exchange was first.
-pizza, faucet, mt gox, Silk Road
Now it is store of value
-hoarding, funds, wall st
Next is unit of account
-Bitcoin standard
Many people already use it as a medium of exchange and store of value, so it is already a medium of exchange and store of value.
What criteria are you judging this “medium of exchange” metric on?