let's face it:
bitcoin as a MoE is failing...
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Replies (6)
It certainly feels that way. It's unfortunate that the nostr people who are big on zaps and circular economy don't demand that the features they use every day get integrated at layer 1
I disagree, it's only getting started!
Explain, because clearly, Bitcoin is used more as a SoV than to actually buy stuff. Only Monero is actually used liked that...
Funny how they say "don't trust verify" but have no idea of the actual privacy concerns in Bitcoin...
The order of usage is first as a SoV, later as a MoE and finally as a UoA. We are yet early in the mainstream adoption as SoV. MoE will follow after there is a more widespread adoption of Bitcoin (as a SoV).
Not it is not.
Bitcoin started as a permissioneless MoE. Bitcoin's SoV framework was an incentive to keep your permissioneless value inside the network.
Then came the governments and industry adoption, pushing an agenda guardrailing Bitcoin's capacity of being a MoE (CEX, KYC, ban of tornadocash, etc...).
Today we hear in the media how Bitcoin is a great SoV. It being used as MoE is very often left out The objective is clear : Make newcomers stack KYCed sats they'll never use as permissioneless money.
In fact, KYC/regulated bitcoins will be no better than fiat as a MoE. Today, ignorants come into Bitcoin hoping to get a nice yield and refuse to learn how to actually use the network. MFs today are putting bitcoins IN THEIR BANKS.
I refuse to let ignorants come into this harsh ecosystem and shall do my best to educate the masses.
Hoping people will learn how to properly manage their TXs after they buy and never use bitcoins is wishful thinking.