I wanted to believe that Saylor's comments on Bitcoin not being an MoE was just a matter of fact statement that liquidity in the value of bitcoin going up, establishing it as a store of valhe, would just help adoption as an MoE in the future.
But the value of the peso being less valuable than the dollar doesn't stop Mexico from using it as their currency. Should anyone need to consult a chart on Trading View or ask Saylor or even a government permission to use a permissionless/freedom money?
The "digital gold" narrarive just seems arbitrary. His wanting to apparently corner the market on development, assuming that's true, makes his comments on bitcoin's use as an MoE seem far less "matter of fact" and more matter of motive. Like he wants bitcoin to stop at just being a store of value and not a means of exchange. That possibly makes him as much of an enemy of bitcoin as anyone else. Or if not an enemy of bitcoin then an enemy of anyone not bitcoin-rich enough to transact on the layer 1 in the future.
Obi-₿it Koinobi
npub1uy…zwpw7
2024-04-09 19:22:44
in reply to nevent1q…mxmp
Author Public Key
npub1uy6xa57up2y9fw7hed7yknnvd737dz22zg4d7n0k5mg07mapry3qmzwpw7Published at
2024-04-09 19:22:44Event JSON
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"content": "I wanted to believe that Saylor's comments on Bitcoin not being an MoE was just a matter of fact statement that liquidity in the value of bitcoin going up, establishing it as a store of valhe, would just help adoption as an MoE in the future.\n\nBut the value of the peso being less valuable than the dollar doesn't stop Mexico from using it as their currency. Should anyone need to consult a chart on Trading View or ask Saylor or even a government permission to use a permissionless/freedom money?\n\nThe \"digital gold\" narrarive just seems arbitrary. His wanting to apparently corner the market on development, assuming that's true, makes his comments on bitcoin's use as an MoE seem far less \"matter of fact\" and more matter of motive. Like he wants bitcoin to stop at just being a store of value and not a means of exchange. That possibly makes him as much of an enemy of bitcoin as anyone else. Or if not an enemy of bitcoin then an enemy of anyone not bitcoin-rich enough to transact on the layer 1 in the future.",
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