The way I see it is we desperately need a easily fungible, verifiable, and divisible store of value. In South Africa inflation is killing us, most people can’t articulate it they just know money is worth less
If it wasn’t for BTC I would have seen most of my savings obliterated and I’m thankful for BTC!
I get your reasoning I think most developed nations citizens don’t need store of value because their banks struggle so hard to get inflation
For me BTC does what it promices and I can earn a yield on it without the fisher effect chowing any possible gains I make like it does with my fiat
I think BTC is slow to innovate and that’s fine by me! Let the Alts roll out the other functions! BTC a offers the platform all to exist and pass value through
I think as BTC matures Satoshis will also come into play more and that’s where I think the medium of exchange will kick off!
I don’t know if it’s going to happen but I See BTC as a collateralized Bond and Satoshis as the underlying currency
RE: Being Your Own Bank 🏦 Was Never Going To Be Easy