Medium of Exchange ~ Bitcoin to the Max
World Crypto Network
Max Hillebrand argues store-of-value must precede medium-of-exchange in Bitcoin adoption. Immutable supply is prerequisite: entrepreneurs accept Bitcoin for payment only if they trust it retains value, not because transactions are cheap or fast. The argument uses Austrian economics and the double-coincidence-of-wants problem to explain why a medium emerges after store-of-value is established. Netw
https://relay.towardsliberty.com/2a80bd7e20c03332d68187fab1585a1ca9e1c66a19347e997b9fcb049a8f1c25.mp4
World Crypto Network
Max Hillebrand argues store-of-value must precede medium-of-exchange in Bitcoin adoption. Immutable supply is prerequisite: entrepreneurs accept Bitcoin for payment only if they trust it retains value, not because transactions are cheap or fast. The argument uses Austrian economics and the double-coincidence-of-wants problem to explain why a medium emerges after store-of-value is established. Netw
https://relay.towardsliberty.com/2a80bd7e20c03332d68187fab1585a1ca9e1c66a19347e997b9fcb049a8f1c25.mp4