BITwise 🐳 >>= RIGHTish on Nostr: Money is simply the agreed upon unit representing the transmission of saved value. To ...

Money is simply the agreed upon unit representing the transmission of saved value. To talk about spmething as money first requires the establishment of a store of value. What is the value proposition of this supposed money? How does it retain its value despite external forces. How hardened is your money? Bitcoin presents us with the best possible store of value currently known to man by converting raw energy into computationally derived value. The value is fundamentally pegged, at minimum to the energy cost to produce (mine) it. Its hardcap prevents inflation and cryptography + proof of work secures the network. Bitcoin has verifiable value. The HODL movement proved this out.

Okay but you asked for everyday money. Something with value does not magically make it money. Gold has similar hard money properties but isn't a very good everyday money. Beanie babies once held some sort of value but isnt good money, even at its peak of value. This is where medium of exchange comes into play. Good everyday money requires seamless transfers and instant settlement. Good everyday money becomes better when it can be both transparent and anonymous (private) at the same time. Bitcoin in 2026 solves all of these and it's up to the people to use money as money for it to be so. Spend & Replace.

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