When do we get to use BTC to buy food? I think we are currently at "nerdy food vouchers" where real food merchants are reluctant to accept the vouchers. BTC is fast becoming Peer to Peer Electronic Store of Hope.
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Payments aren’t important Store of Value is what’s important for now Spend dollars, Hold onto Bitcoins
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Replying to @MustStopMurad @adam3us
We may as well all move to holding Bitcoin ETFs when it comes as it will be SEC approved and Gov backed and Fed Reserve blessed. All the moms and pops can finally trust the nerdy coin and the central bankers can print supply to demand and suppress Bitcoin price. BTC economic fail
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No, just hold it on your hardware wallet. No point in spending it while there is a decade-long wealth transfer flowing from fiat to Bitcoin
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No point in spending Bitcoin before it’s market cap is at least $10 Trillion (in today’s terms)
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Replying to @MustStopMurad @adam3us
Then Bitcoin is just a pure Ponzi scheme.
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No, it’s a monetary good undergoing monetization.
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Replying to @MustStopMurad @adam3us
So is every unbacked derivative on the planet and they suck up more money than any currency.
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derivatives are not money
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Replying to @MustStopMurad @adam3us
can't take discussions any further when you subscribe to that dogma
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its not dogma, currency is a monetary good while derivatives are a financial instrument. Bitcoin isn’t competing with derivatives, it’s competing with fiat, monetary metals and other SoV-like ‘low-risk’ instruments. If you equate derivs with BTC you’re making a big mistake.
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