Nick Szabo  🔑

Another 'wealth transfer': exchange ratios between multiple goods. 'Sterile' assets, $BTC $gold $USD $EUR etc., exchange ratio changes are wealth transfers between holders of different assets. 1st $BTC network effect operates on transferring wealth from hodlers of other assets.

“More secure” wealth storage and “verifiable” transfer. I’m sure that was implied but just making it clear :)

Satoshi Nakamoto has been on fire since few days. Love it.

Bitcoin's volatility isn't going to decline since it was made structurally to incentivize hoarding rather than spending. The lower the velocity and liquidity the more each individual coin will affect the price. And the less incentive to be used as a unit of account

Bitcoin a better gold, Litecoin a better silver

For us, creating the greatest portable store of wealth in earths history is the only goal

Volatility will just increase as people leave, since the network is not usable for wealth transfers.

Is there a specific definition of "medium of wealth transfer", esp. what makes it different from "medium of exchange" (or is it the same thing)? I tried to google but found the term only in your writings (without a definition, as far I could see) :)

Lightning support posts become more crazy by the day...