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0 sats \ 0 replies \ @Rothbardian_fanatic 10 Dec \ parent \ on: The Fallacy of Store of Value vs. Medium of Exchange bitcoin
Perhaps 50% of people using a commodity as MoE is good. But is think it may be less if you consider that you could purchase everything you need to live with that commodity.
No, you never need state approval. You might have to endure a gun to your head or being kidnapped, but you don’t need state approval. (I have problems with this kind of construction because the state is made of individuals doing sh*tty things, not a collective.)
You can call it MoE if it is working that way for you, IMO.