I had many discussions regarding the role of bitcoin in the economy and what the characteristics of bitcoin are more suitable for.
Here are my current views:
1. Bitcoin is hard money, which makes it less likely for someone to spend if he has less hard money in hand
2. As long as there is fiat there will always be less hard money
3. It is likely. at some point, there will be another cryptocurrency that will be decentralized enough and less hard monetary wize (e.g. no halvings at all and therefore no max amount of 21M)
4. Bitcoin (with lightning network) is already better than VISA and Mastercard to be a medium of exchange looking strictly on TX per second but still due to point 1 ppl are not using it as much as you would expect.
5. Due to all of the above my current thinking is that bitcoin will be the store of value of this century.
6. I also strongly believe that once it is common enough and a fact. The belief in FIAT will reduce drastically which will bring to existence many decentralized forms of medium of exchange.
An article that explains my view further.
Would love to get your feedback and have this discussion ongoing!
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