{"id":368325,"date":"2019-01-16T15:09:19","date_gmt":"2019-01-16T15:09:19","guid":{"rendered":"https:\/\/shenyangcang.com\/?p=368325"},"modified":"2024-06-11T07:43:44","modified_gmt":"2024-06-11T07:43:44","slug":"crypto-exec-bitcoin-purpose-built-store-value-not-digital-cash","status":"publish","type":"post","link":"https:\/\/shenyangcang.com\/news\/crypto-exec-bitcoin-purpose-built-store-value-not-digital-cash\/","title":{"rendered":"Crypto Exec: Bitcoin Was “Purpose-Built” To Be Store Of Value, Not Cash"},"content":{"rendered":"

Although the crypto industry has changed dramatically in its decade-long lifespan, the narrative surrounding Bitcoin (BTC), along with its cardinal\u00a0value proposition. has been steady, more or less. Yet, there have been a few nuances. Case in point, over recent years, proponents of BTC<\/a> have flickered between the asset being a Store of Value (SoV) or a Medium of Exchange (MoE).\u00a0As both arguments have their merits and proofs, a sometimes volatile dichotomy\u00a0has formed between commentators, researchers, analysts, and investors touting the distinct thought processes.<\/p>\n

In fact, network splits\u00a0have been catalyzed by this long-standing argument, with a hard fork on August 1st, 2018 spawning Roger Ver’s go-to crypto asset, Bitcoin Cash (BCH) \u2014 touted as a “real” version of digital cash.<\/p>\n

However, a leading crypto analyst has recently done his utmost to set the record straight, claiming that Satoshi Nakamoto didn’t initially create Bitcoin for the asset to become a digital form of money.<\/p>\n

Bitcoin \u2014 An Inherent Digital Gold, Not Digital Money<\/h2>\n

Leading industry\u00a0participant Dan Held, a former Blockchain (the company, not technology) executive and Uber employee, recently took to Twitter to claim that “Satoshi’s Vision<\/a> is a silly endeavor.”<\/p>\n

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1\/ Satoshi\u2019s Vision\u2122 is a silly endeavor, as it doesn\u2019t matter what it was, we are where we are now. However, those pushing the \u201cBitcoin was first made for payments\u201d narrative insist on cherry-picking sentences from the white paper and forum posts to champion their perspective.<\/p>\n

— Dan Held (@danheld) January 14, 2019<\/a><\/p><\/blockquote>\n