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Bitcoinmagazine
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Beyond The Vault: Why Bitcoin’s True Power Lies In Motion
- The article discusses the importance of Bitcoin as a medium of exchange rather than just a store of value asset.
- It emphasizes that a medium of exchange is crucial for any asset to hold value, making it more than just about storing wealth.
- The piece highlights how various assets like real estate, bonds, equities, and gold serve as stores of value and mediums of exchange.
- Bitcoin's role as a medium of exchange is highlighted, with its market cap and value exchanged pointing to its significant function beyond just storage.
- The article delves into the exclusivity of traditional financial instruments and the impact of fees on the medium of exchange in the current system.
- It points out the need for a balance between storing value and exchanging it, with a focus on the importance of constantly moving value.
- The author critiques the tendency to hoard Bitcoin as a store of value rather than using it for transactions and fostering a network effect.
- There is a critique of individuals like Michael Saylor who are seen as hoarding Bitcoin and potentially strengthening the existing fiat system.
- The piece questions the priorities around wealth accumulation and the potential consequences of solely focusing on storing value rather than utilizing it for exchange.
- In conclusion, the article urges a shift towards seeing Bitcoin as borderless, permissionless money for all, highlighting the benefits of letting value flow within the ecosystem.
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