Store of value.
Nothing more. Nothing less.
BTC will never be the infrastructure that brings about meaningful financial and commerce utilities. Let me know when you can actually DeFi and mint NFTs on BTC.
It's meant to be the base asset. That's it. The "new gold standard" if you will.
The obsession with "scarcity" and "hard cap" demonstrate the ironic "pot meet kettle" scenario where maxis blame the failures of education. If you can't separate assets, utilities, etc. you are no different than the ETH maxis who coin ridiculous phrases like "ultra sound money".
Who the hell uses asset and currency interchangeably? Only a fool spends BTC.
Bitcoin doesn't need the same kind of DEFI shitcoins have because it doesn't have the fundamental inflationary problem shitcoin and fiat has, Bitcoin DEFI will be completely different, you see that in the case of liquidity pools for lightning channels and setting up routing nodes.
As for NFTs thats already done on BTC via the liquid network, but I personally don't see the point of the jpeg trend, the NFTs on Bitcoin i've seen are pre-order for real products, movie tickets and in game items. Not that I partake in much of that but its there not that I see it as much of an innovation, I don't see the point of permissionless digital assets because they always need to be issued and validated by a central authority/oracleYou so its self defeating.
You'll spend BTC because your life is not infinite, only a fool would hold onto BTC and die without improving their life, come on these arguments of yours have totally been debunked by so many bitcoiners and is intellecutally lazy
LOL nobody cares about Liquid.
All these BTC "substitutes" for developing techs in transactions, payment processors, etc. are all inferior. Its only thing going for it is its "increase of value" over time.
Again, no real significant commercial activity is conducted ON BTC network. At all.
In a game of gaining wealth, only a fool spends it. I guess generational wealth is not something a short-sighted person would understand.
The only intellectual laziness I see here is pretending that people aren't gaining more assets, physical or metaphysical, through the means provided by your so-called "shitcoins" and allow more people to participate in actual decentralized finances like never before.
It's intellectually dishonest to pretend BTC can do governance on chain. It's intellectually dishonest to pretend BTC can perform complex financial functions such as escrow, interests, etc. It's even more intellectually dishonest to pretend businesses are BUILT on the BTC network.
BTC is a store of value asset. It's the new gold standard. Nothing more. Nothing less.
At the end of the day, your grasp of the practical side of commerce is so poor, it's akin to someone who thinks physical gold could conduct all functions in life.
Lol Liquid and lightning are used in a national currency mate, no shitcoin is doing that. do you have any original thoughts of your own or are you just going to list the garbage Raoul Pal spits out, at least he gets paid to make up that metaverse nonsense, so I get his motivations?
If you want to not own BTC that's fine mate, its a voluntary network no ones forcing you to own it or to learn about it. I don't see the point of getting into this debate, nothing I say about Bitcoin is going to matter you've already made up your mind and drawn what I see as false conclusions.
In the end neither my opinions nor yours matter, Bitcoin's going to keep running and shitcoins are going to keep tanking
Nobody actually spends BTC outside of tech hippies and ultra rich people. Who cares if they are "national currency". Australia has made it legal for years before all these third world fake news and how much BTC have been spent for common purchases?
To assume only maxis own BTC is the single most retarded assumption anyone can make. BTC excels in staying power in value. That's why the entire industry anchors its values against it.
It seems to me you fundamentally do not understand what "Bitcoin Maximalism" is.
BTC maxi is the belief that only BTC needs to exist and it can perform all the functions the so-called "shitcoins" can perform.
Who cares if alts tank against BTC? Only maxis seem to care. Imagine being that one idiot who needs to tell people dollar keeps tanking against gold while the rest of the sane world just uses dollar as a medium of exchange while they stack precious metal and land as their wealth.
You operate under the false assumption that "shitcoins" are looking to surpass BTC in price. At best, they might get a chance to surpass the market cap. Alts exist because BTC doesn't have the day to day functions people are looking for.
Sure, let me know when BTC can do what Theta can. The very fact that you have the dissonance to use Hive while subscribing to maximalism shows you don't seem to understand what the tenets of that dogma imply. A maxi would argue BTC can do what Hive does, including tokenized communities and a censorship resistant "social media".
Just from this exchange, I don't think you understand the difference between currency vs. asset or money vs. wealth.