Saw this:
I'm a long-time bitcoin holder, like many I wish I had bought and held more back in the day but I feel very fortunate to have always kept a core holding and never have sold. The mantra used to be "spend and replace" and I would do that, I found ways to use bitcoin wherever I could.
This whole narrative around bitcoin has changed since 5+ years ago, I just can't wrap my head around "the utility IS as a store of value", it does not make sense to me. At least before when people would ask "why does it have value", my answer was always, its super easy to transfer to anyone in the world, no middle man, nobody can stop you, its relatively fast (10-15 min), and FINALLY it has a limited supply, no central bank can print it.
I really do believe that the utility comes BEFORE the store of value, you need both to have sound money, not just one. The only hope of BTC is that the lightning network actually works, but I have my doubts. I'm open-minded, I don't know if BCH has all the answers either, we are still early in this crypto-revolution, who knows what the world will be like in 20 years and what crypto currency eventually wins out in the end.
Your thoughts?
We all of course question the future and get very curious about what is going to happen for the money we use mostly and at what position cryptocurrencies will be. Their system is the most important thing that draws people's attention to themselves in the end, I think. And imo, it looks like there is no way that fiat money will always continue to exist. It is inevitable that we are going to use digital currencies in the future. And I expect the cryptocurrencies to be good alternatives for the digital currencies that will be developed by the governments.
