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If you read Satoshi's original Bitcoin paper, it's very clear that it's supposed to be "cash" (a medium of exchange). All this "store of value" stuff came abou
by howlgarnish 6y ago
If you read Satoshi's original Bitcoin paper, it's very clear that it's supposed to be "cash" (a medium of exchange). All this "store of value" stuff came about afterwards, when people needed a justification for the valuation of something that has become eminently unsuited to actual usage.
- thorwasdfasdf 6y agothat may have been the original intent but that's not very valuable. we already have electronic forms of cash payment, we don't need bitcoin for that. The IMMENSE value of bitcoin is that it can't be devalued. This is huge. In a world where nearly every fiat currency is being devalued and debased at a rapid base, there are many who are desperate for a store of value that's stable. no other fiat currency can offer this guarantee.