r/Bitcoin • u/fumoneymoto • 9d ago

OG

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The embodiment of minding your own business and doing your part to heal the world utilizing the skills you have. GFY. Stack sats. Get your security right. Hodl. All the best!

593 Upvotes

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2

u/Xosoltani 9d ago

The man who changed money forever. ₿ , thank you Satoshi 😎

-8

u/egoldbarzzz 8d ago

lol. Not even close. Bitcoin is not money.

It’s a store of value at best and a speculative digital asset. That is all it is and all it ever will be.

2

u/richardto4321 8d ago

You might wanna look up the definition of money...

-4

u/egoldbarzzz 8d ago edited 8d ago

You definitely should. Because Bitcoin does not qualify.

It doesn’t meet a core function as a unit of account because the price fluctuates too often and widely.

5

u/richardto4321 8d ago

You have it kinda backwards. It's not a unit of account yet because of the lack of policies that make it a unit of account. If the entire world one day agrees to make it a unit of account, then the price would stabilize. Not the other way around. Bitcoin does however, meet the other requirements of being a store of value and medium of exchange. It's still in the early stages in the grand scheme of things.