Because Bitcoin Is A Necessity, Its Economy Will Be Circular
Bitcoin is the perfect money in that it embodies all of the properties and functions of money — as a store of value (SoV), medium of exchange (MoE) and unit of account (UoA) — and does so in a way that any person or participant, from anywhere in the world can: Save without having their wealth invisibly stolenSpend without some big-brother-type institution telling them with whom or what they’re allowed to do soAccount for, audit and verify what they have, when they received it and how much it is in relation to the whole supply. Furthermore, it’s all possible sans any form of trusted....
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When viewed through the lens of necessity, we can better understand Bitcoin’s progression toward a broader, circular economy.
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