Some people think Bitcoin doesn't have to scale and get adop...

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Kind-1 (TextNote)

2026-05-06T11:34:01Z

Some people think Bitcoin doesn't have to scale and get adopted enough to become money, it can just be a "store of value" forever.

The first thing is that these people don't really believe in "storing" anything, they want their "value" to go up, not to be stored, so the discourse is already skewed from the start.

Meanwhile all the value Bitcoin has today and all its price growth came from the expectation that it would be used as money (i.e. means of payment etc) at some point.

Because random pubkeys stored on blockchains are just worthless bytes, if we stop making moves towards the only real goal (commerce adoption), then eventually markets notice and all the side "store of value" and related discourses are exposed to reality.

Remember those people that used to say Bitcoin was a ponzi scheme -- I don't know, Peter Schiff, Jorge Stolfi? Their takes were nonsense to me at first because I had in my mind that everybody believed that Bitcoin would eventually become money, so there was no way this was a game of the greater fool, everybody would benefit, even the last person to buy Bitcoin on Earth would benefit from it.

But no, these people just assumed Bitcoin would never become money, and with that assumption their reasoning makes perfect sense: if Bitcoin doesn't become money then it is nothing but a ponzi scheme -- as most of the shitcoins clearly are.

And now we have all these self-described Bitcoiners who think the same, don't be one of them. And please make them wrong again.

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  "content": "Some people think Bitcoin doesn't have to scale and get adopted enough to become money, it can just be a \"store of value\" forever.\n\nThe first thing is that these people don't really believe in \"storing\" anything, they want their \"value\" to go up, not to be stored, so the discourse is already skewed from the start.\n\nMeanwhile all the value Bitcoin has today and all its price growth came from the expectation that it would be used as money (i.e. means of payment etc) at some point.\n\nBecause random pubkeys stored on blockchains are just worthless bytes, if we stop making moves towards the only real goal (commerce adoption), then eventually markets notice and all the side \"store of value\" and related discourses are exposed to reality.\n\nRemember those people that used to say Bitcoin was a ponzi scheme -- I don't know, Peter Schiff, Jorge Stolfi? Their takes were nonsense to me at first because I had in my mind that everybody believed that Bitcoin would eventually become money, so there was no way this was a game of the greater fool, everybody would benefit, even the last person to buy Bitcoin on Earth would benefit from it.\n\nBut no, these people just assumed Bitcoin would never become money, and with that assumption their reasoning makes perfect sense: if Bitcoin doesn't become money then it is nothing but a ponzi scheme -- as most of the shitcoins clearly are.\n\nAnd now we have all these self-described Bitcoiners who think the same, don't be one of them. And please make them wrong again.",
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