Quote from: Wind_FURY on September 26, 2019, 05:15:38 AM

Quote from: franky1 on September 25, 2019, 11:46:52 AM

bitcoin is a store of value. as it first needs to be a store of value to then be a medium of exchange.
by this i mean if having no value, people wont want to exchange it.

I'm not trolling, OK? But I believe we debated about this before, and you said that Bitcoin should be a medium of exchange first to be valuable, and that because of small blocks, Bitcoin cannot be a medium of exchange. Or am I confused?

being a medium of exchange of value. and being a medium of exchange are talking about two different things.
one being physically able to pass to different owners. and the other being the desire to accept is as a payment for goods or services.

the main smart community know to be a medium of exchange of value for goods and services means that it first needs to have value.

take for instance 2009-2010.
bitcoin functionally could pass between owners. but no one valued it at any $ value. it wasnt until it started costing people money to mine it and someone wanted a pizza for it that it then became a medium of exchange of value for goods and services... because guess what. someone put a value to it and another person agreed it was worth a couple pizzas for that and then the exchange for goods and services started