One thing I don't understand is how so many of the BTC camp say that Bitcoin has to become a store of value first before becoming a medium of exchange.
This is so absurd and anyone who has looked into Austrian economics knows that value is based on something's usefulness as a commodity of exchange.
Now I am no economist I will give you that however since discovering Bitcoin I have looked into things I never even knew about e.g. Austrian economics and one of the most well respected people in this field is Ludwig von Mises and he is as clear as he can be in stating that a medium of exchange has to be established first before something can be a store of value.
For anyone wanting a specific book as a reference then I recommend you read the Theory of Money and Credit.
How can someone like me so new to Bitcoin nevermind Austrian Economics see how absured the arguments the BTC camp have been making?
Things like this just remind me that BCH is going to overtake BTC one day as the people dictating BTC's path have no economic sense whatsoever.
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source https://www.reddit.com/r/btc/comments/f1yjvj/store_of_value_versus_medium_of_exchange/
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