increasing money velocity onchain is what creates wealth on…
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.
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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
http://factmyth.com/velocity-of-money-explained/
This seems a rather good source, I haven’t read all so don’t shoot the messenger!
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!