Oddbean new post about login | logout If Wall Street get their way & #Bitcoin is only used as a store of value as it’s prime use case, then it ironically extends the life cycle of the Dollar Ponzi scheme and contributes to the wealth inequality dynamic. MEDIUM OF EXCHANGE IS ESSENTIAL & MUST BE PROTECTED!
If everyone stores there value in #bitcoin then why convert it to something else to do medium of exchange once we get to mass adoption as store of value I think medium of exchange is inevitable Collectible item Store of value Unit of account Medium of exchange 🤞 We will get there
This would be the natural cycle of a monetary asset that is monetising in a free market. But transition to medium of exchange is where the battle field will be drawn and the war will commence. Blackrock and the elites will throw everything at disincentivizing the use of Bitcoin as a medium of exchange. And after witnessing the scamdemic, will the sheep acquiesce and drag us all down with them?