80 sats \ 1 reply \ @SimpleStacker OP 12h \ parent \ on: Bitcoin Pricing, Adoption, and Usage: Theory and Evidence | Article Review BooksAndArticles
Assuming Saylor's view is that Bitcoin can forever be a SOV - I think it could also be. This article focuses only on one use-case: international payments.
But in a world where governments are constantly devaluing fiat, Bitcoin as a fixed asset could have a forever increasing exchange-rate with fiat.
This particular model doesn't really tell us yes or no to that, because it didn't include that force in the model.
BTW, this discussion highlights the economics discipline: being precise about what economic forces give rise to what conclusions.
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11 sats \ 0 replies \ @siggy47 11h
I see. I think what Saylor seems to be saying is that bitcoin need not be a means of exchange, but can function solely as a store of value asset. Others have argued that its use as money is needed so that its store of value continues. That's not really what this article is about, obviously.
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