"Store of value"https://twitter.com/TheStalwart/status/1028943512358793217 …
Cryptocurrency Analyst. Bitcoin, not Blockchain. Angel Investor. Previously @Princeton.
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Jackson Palmer Retweeted Joe Weisenthal
"Store of value"https://twitter.com/TheStalwart/status/1028943512358793217 …
Jackson Palmer added,
et tu brute? BTC is only 9 years old. Gold wasn’t a palpably stable store of value 9 years after its discovery either. Gold took millenia to fully monetize. SMH. Patience is Virtue.
Gold also didn’t suddenly start variable loss on transfer or get stuck for days when changing hands after 9 years, presumptively.
Bitcoin is undergoing monetization. It needs to largely saturate the SoV functionality before it can move to MoE. More on that here: https://medium.com/@vijayboyapati/the-bullish-case-for-bitcoin-6ecc8bdecc1 …pic.twitter.com/AI38QUn3kX
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