"An increase in merchant acceptance, ceteris paribus, does not increase the value of the coin. Therefore, an increase in merchant acceptance does not increase the value of the coin."
I think this is the fundamental confusion.
Post by twetch#21877
Yes, people seem to confuse a future where there is a demand to invest wealth into bitcoin as a store of value with one where bitcoin has merchant acceptance. I'm no economist, but I thinks gold is for a hoardin' and money is for a spendin'.
What the chain says
- Block
- 635 655
- Time
- 2020-05-19T21:58:00Z
- Signer
- 17ZU3LUhcDYvBDEmuyHJFYaquCYZUDi6fg
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#21877
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
17ZU3LUhcDYvBDEmuyHJFYaquCYZUDi6fg Verified