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I always see this argument peddled, but I can't recall the notion in the earlier crypto days of it being a "stable store of value". We saw it as a means to bypa
by rabuse 5y ago
I always see this argument peddled, but I can't recall the notion in the earlier crypto days of it being a "stable store of value". We saw it as a means to bypass payment middlemen, such as PayPal.
- wbsss4412 5y agoJust because it wasn’t around in the early days doesn’t mean it isn’t relevant now. Bitcoin has thus far failed as a currency, so people have been pushing the “store of value” line for quite some time.
- jayd16 5y agoHappened as soon as someone decided to speculate on BTC, which was pretty early.
- lawn 5y agoBecause it wasn't there. It was only when Bitcoin could no longer function well for payments (due to the high fees), that bagholders changed the narrative from "medium of exchange" to "store of value".
- paxys 5y agoWhat percent of Bitcoin owners has made a single commercial transaction in Bitcoin? Or really done anything other than buy/sell it in a commercial brokerage account?
- r00fus 5y agoInstead you have other middlemen like Coinbase/Binanace who are unregulated and lose random wallets and stuff.