increasing money velocity onchain is what creates wealth on the network!‬ Ie, the quicker…

1AKHViYgBGbmxi8qiJkNvoHNeDu9m3MfPE (3223) · August 18, 2019

increasing money velocity onchain is what creates wealth on the network!‬
Ie, the quicker people spent their coin on services and goods, trade the stronger the economy.
‪It also creates inflation, and more liquidity, ie less volatility.

Replies

1AKHViYgBGbmxi8qiJkNvoHNeDu9m3MfPE (3223) · August 18, 2019

BSV may therefore stand a chance to become a store of value due to increased money velocity.‬ Right now no crypto asset is a store of value.
BTC devs lie that it is.

‪BTC forces minimal money velocity, it therefore increases deflation, creates less wealth

1AKHViYgBGbmxi8qiJkNvoHNeDu9m3MfPE (3223) · August 18, 2019

http://factmyth.com/velocity-of-money-explained/

This seems a rather good source, I haven’t read all so don’t shoot the messenger!

1AKHViYgBGbmxi8qiJkNvoHNeDu9m3MfPE (3223) · August 18, 2019

And the very fact that slow money velocity creates low liquidity, it will never be a store of value, since it simply will be far too volatile due to lack of liquidity.

They never understood economics, they forget BTC and lightning are two diff systems!