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.

Reply to this note

Please Login to reply.

Discussion

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?