Bitcoins/Litecoins/Virtual Currencies

Arden said:

So funny, you're practically quoting Lyn Alden's broken money theory here. You just haven't made the last step to understanding why (based on what you yourself have said) btc is a superior store of value.

To be fair it take some really smart people a long time to come around, but almost everyone eventually does

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Kirun said:

I'm not confused about the argument, you're just skipping the part where it actually has to work in the real economy.

Yes, Bitcoin is a strong self-custodied store of value. Correct. Yes, that aligns with Alden's ledger framing. Also correct.

Being a store of value does not automatically make something the settlement layer or unit of account. Gold stayed valuable long after it stopped being money. Bitcoin can do the exact same thing. You're treating store of value as if it automatically becomes the unit of account and settlement layer. That is not how monetary transitions work.

You're not "understanding the final step." You're assuming the conclusion. Calling it "everyone gets there eventually" isn't an argument - it's an admission you don't have the mechanism for the transition, just the narrative. Bitcoin doesn't need mysticism or inevitability rhetoric. It needs adoption in contracts, tax settlement, and pricing systems before it becomes money in the economic sense.

Until then: Bitcoin is a good savings asset.

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Kirun said:

If the best rebuttal you've got is "you wrote too clearly so you must be a bot," then you’re already out of ammo.

When your conclusion is treated as self-evident and dissent is framed as "you’ll get there one day," you've stopped defending the claim and started protecting a belief - typical of most BTC cult adherents . I'm talking about how money functions now. You're talking about how you want it to function. Those are not the same conversation.

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