Every big name in Bitcoin is starting one…
Store-of-Value vs Medium-of-Exchange
The Bitcoin SoV vs MoE debate has been settled.
Michael Saylor 1 – 0 Jack Dorsey.
For a succinct summary of the views on both sides, here’s a LinkedIn video by Swan Bitcoin.
In short, Bitcoin is both (and maybe that’s why it’s so volatile. It just never makes up its mind). However, the time is ripe for the SoV function.
Very ripe.
You can do what most hodlers do. Buy Bitcoin on a DCA plan, and keep buying constantly, no matter the price.
But if you really want to crank it up, you should consider buying Bitcoin using somebody else’s money. A lot of people’s money.
Start a Bitcoin Treasury company!
The Bitcoin Treasury
I’ll admit. I was wrong.
The Bitcoin polymath Michael Saylor has changed my mind.
There’s nothing wrong with buying Bitcoin using debt.
Because someone else’s money buying Bitcoin is as good as my money buying Bitcoin.
Money is Money. And fiat money, a.k.a. debt, is good for buying Bitcoin.
(Say, Bitcoin seems to be a debt collector.
Get it? :D)
As Saylor explained, Bitcoin benefits you (him) even when other people disagree with you (him).
The harder they disagree, the better.
Bitcoin benefits you even as others one-up you in Bitcoin terms.
If all the world’s billionaires bought more bitcoins, that would be good for your small stash, too!
Or, you’d ( I’d ) likely get a fancy job in Bitcoin.
NGU serves all. Even no-coiners (they learn to move faster, and contribute in many ways.
I’m the case in this point. I was a no-coiner until 2022.
Now, I can’t shut up about Bitcoin).
If you start a Bitcoin Treasury company or even a Bitcoin payments network (same thing except you now accept some bitcoins to pass by you unhodled. But you get fees/commission!!
And someone else’s money is mostly buying the Bitcoin, even better. You can use your own money to pay for groceries, rent, live stress-free, and attend parties where you’ll brag about being a big shot Fund Manager.
Which you will be.
Also, the advantage of using someone else’s money is that you grow your social network. Truly. IRL. Not on LinkedIn.
Definitely, the people giving you money are going to get really rich (via NGU) as you get low-key rich, a pat on the back, and an AAA rating as the best fund manager in the financial neighborhood.
Treasury could also simply mean you Treasure Bitcoin (i.e., Hold Bitcoin Dear).
Here’s the thing. Not all of us can start a money transmitter service or get a license to sell debt like a fruit in a goods market in exchange for bitcoins/dollars/cash via fees.
But I can invite you to write the future of Bitcoin with me, here on HackerNoon.
Writing about Bitcoin will be how we treasure Bitcoin.
I’ll keep my stash, you’ll keep your stash.
If you have no stash, it might make sense just to get some in case it catches on.
Then, if good fortune makes us IRL neighbors, why, we could start that treasury, alright.
A Bitcoin Treasury for Bitcoin Writers.
Soon, there’ll be one for teachers, lawyers, and doctors. Small community banks for Bitcoin.
The best money ever. Moreover, it doesn’t occupy that much space. Making it pretty easy to open banks as tiny as possible.
A bank could literally be one room. With one computer –> An encrypted smartphone with IMEI details locked away from the workplace, in case of theft!
Bitcoin kiosk banks/Micro Bitcoin Treasuries are coming. Get ready.
Comment on this article with links to socials, if you would like to collab in the next one using Chowa.
