Its all based on logical deductions and understanding praxeological thinking. If you have any good counter arguments please share, but so far everything you've said has just been based on a lack of understanding. I'm telling you, go deeper and you might be surprised what you find
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Replying to @heavilyarmedc @NickSzabo4 and
Still have no answer to why Bitcoin is a store of value, why Bitcoin is better than other crypto when it is already obsolete, why it's not a medium of exchange yet you guys call it money, why high transaction fees are good when there are cheaper alternatives and so many more
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Replying to @KingGordonGekko @heavilyarmedc and
Bitcoin isn’t money, yet. It’s digital scarcity, in the form of entries in an immutable and honest ledger that is being monetized. The market is still trying to find its value via a process of real-time price discovery. We’re not in even in the stable SoV of value phase yet!
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Replying to @thibm_ @VictorErem and
Is SoV some kind of cult word that all of you guys use?
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Replying to @KingGordonGekko @thibm_ and
Not. SoV is one of the three functions of money together with Medium of Exchange and Unit of Account.
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Replying to @KingGordonGekko @thibm_ and
Not sure I understand the question? SoV stands for "Store of Value", is that what you are asking?
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Replying to @VictorErem @thibm_ and
OO i was confused, because bitcoin has no value to store. Wasnt sure why you guys kept using it to describe bitcoin
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People who don't know what they are talking about should not express opinions on my timeline, much less insult people who do know. Blocked.
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