BTC is not a Store of Value. It's mostly a speculative play that newcomers will buy into old brand. And maybe partly a bet on future LN development.
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Replying to @el33th4xor
Niraj Pant Retweeted Murad Mahmudov 🚀
This feels overly reductionst. In theory, this is true of most L1 networks, but BTC has too many redeeming qualities you can’t discount:https://twitter.com/muststopmurad/status/1022169639386836992?s=21 …
Niraj Pant added,
2 replies 1 retweet 7 likes -
Replying to @niraj @el33th4xor
He doesn’t understand monetary econ. Gold wasn’t yet a palpably great store of value 9 years after its discovery either. Bitcoin has the perfect characteristics to *become* a robust store of value in the coming years and decades.
1 reply 0 retweets 18 likes -
Gold is a beautiful shiny yellow metal that does not tarnish and is incredibly easy to work into all sort of shapes. That is why it was valued the world over, since prehistory. And that is why it was a good "store of value". Bitcon, on the other hand, is literally nothing.
5 replies 0 retweets 0 likes
they are free to hold worthless fiat hahahaha
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