If gold is not used as a means of payment then why is it 10x market cap of bitcoin?
I agree that it needs to be an MoE to truly slay the dragon of fiat but it is hyperbole to say ALL of its value is predicated on being a widely used medium of exchange.
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I agree and thats what im implying in my first reply
To go higher than tbill market cap yes bitcoin has to be an MoE. No we should be complacent. It is still hyperbole to say all its value is coming from MoE expectations.