Jeff Swann's avatar
Jeff Swann yesterday
Adoption occurs in steps. Store of value is first. Most people have to want a thing before it can become a means of exchange because people don't exchange for things they don't want. Then once everyone trades with it, it can become a unit of account.

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Maybe. The steps to adoption have been debated since Bitcoin's inception. Narratives shift over the cycles and no one really knows what will end up as the dominant use case. Only way to find out is to wait and see.
Jeff Swann's avatar
Jeff Swann yesterday
What I described are just the basic & rather self evident steps of something becoming money. This is most likely going to take more than a generation (if people can refrian from screwing it up). That's why it is SO important to recognize the *sensitive dependence on initial conditions* and not nudge things in the wrong direction.