bitcoinmagazine.com (nprofile…6atj)
✍️ The article discusses the importance of Bitcoin as a medium of exchange, arguing that its true power lies in its ability to facilitate transactions and enable economic activity, rather than just being a store of value.
👉 Bitcoin's true power lies in its ability to facilitate transactions and enable economic activity
👉 The medium of exchange function is more important than the store of value function
👉 Other assets, such as housing and bonds, are primarily used as stores of value
👉 Fees and the need for a steady income are important considerations for storing value
👉 Chasing money can be corrupting and lead to the erosion of the value of other assets
#MichaelSaylor #IvanMakedonski #JesseMayers #technology
quotingbitcoinmagazine.com (nprofile…6atj)
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Bitcoin Magazine Beyond The Vault: Why Bitcoin’s True Power Lies In Motion A critique of Saylor’s store of value obsession and a case for the medium of exchange, and a case for why Bitcoin needs to be both. This post Beyond The Vault: Why Bitcoin’s True Power Lies In Motion first appeared on Bitcoin Magazine and is written by Ivan Makedonski.
https://bitcoinmagazine.com/culture/beyond-the-vault-why-bitcoins-true-power-lies-in-motion