Has nothing to do with its industrial value or use value. Has everything to do with it being hard to inflate.
You are confused. Money is many different things. It’s a store of value, medium of exchange, a unit of account, a bearer instrument, a commodity, coinage, debt instruments and generic objects of value. Perhaps you mean cash or currency.
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No, you simply have your information all over the place, unstructured. Money is money, SoV is SoV, MoE is MoE, UoA is UoA, etcetera. Fine art is a store of value, but it's not money. Apply logic to avoid time wasting.
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What do you think money is?
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It's 'n' unit of "X" that serves as a medium of exchange, a unit of account, and a store of value, all three.
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I think I understand where you are getting at. You’re saying if people simply sit on a cryptocurrency and don’t *use* it, it won’t have any value. So even if we keep majority of our wealth in it, we should spend/consume/receive/put into circulation at least a minority of it ...
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... to contribute towards it’s success. and global takeover. If people won’t use it actively, cryptocurrency will never win. Am I understanding your thesis correctly?
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Scaling onchain makes it more expensive to be a self-sovereign individual. I find it hard to believe, that you, being from Russia, are not attracted to the idea of affordable self-sovereignty. Lightning can increase throughput without increasing entry costs for validators.
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I'm currently writing an article on this subject. "Be self-sovereign with BTC!" (BTC should sloganize it) is nothing but a logical fallacy. Just a more masked form of.
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Just because it isn’t a transactional currency doesn’t make it not money.
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It is easily verifiable and proven false. Buy goods with gold coins and see if they are evaluated based on their nominal value, or are they evaluated based on their price as a commodity. Today, gold doesn't have the properties of MoE and UoA. Therefore, it's not money.
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