You’re describing bimetallism, and history already gave us the answer: it doesn’t work. Gresham’s Law states that bad money drives out good money when two forms of currency exist side by side by legal decree. In an open market, the most efficient, usable form wins.
If one version of Bitcoin functions as money—fast, cheap, scalable, and usable for daily transactions—while the other is an expensive, slow, restricted store of value, the market won’t sustain both. The one that actually works will dominate. That’s how money works. That’s how it has always worked.
Bimetallism failed because when two different metals were tied to money, people hoarded the one with more intrinsic value and spent the weaker one. Silver flooded the market, gold vanished from circulation. The same thing happens here: the so-called “store of value” Bitcoin (BTC) will be hoarded, locked away, and unusable, while the version that actually functions as money—the scalable, efficient one—becomes the default. The second people realize that the “store of value” doesn’t move, doesn’t scale, and doesn’t serve any real purpose other than speculation, it gets left behind.
Money is not a static thing. It is a competitive system. The best one wins. The one that actually works wins. If you have a big-block, usable version and a crippled, slow version, people will simply use the one that works and abandon the one that doesn’t. The moment a superior alternative exists, the “store of value” argument collapses. Because the best store of value is the thing that is also the most liquid.
There are not two versions of Bitcoin. There is one. The one that works. The one that scales. The one that was designed to be used. The rest?
Irrelevant.
2/2
S. Tominaga AKA CSW
Mar 20, 2025
https://x.com/CsTominaga/status/1902637873339494631?t=yl5NuJqaR_d4c9g77Lgs1Q&s=19
https://t.me/S_Tominaga/2702
If one version of Bitcoin functions as money—fast, cheap, scalable, and usable for daily transactions—while the other is an expensive, slow, restricted store of value, the market won’t sustain both. The one that actually works will dominate. That’s how money works. That’s how it has always worked.
Bimetallism failed because when two different metals were tied to money, people hoarded the one with more intrinsic value and spent the weaker one. Silver flooded the market, gold vanished from circulation. The same thing happens here: the so-called “store of value” Bitcoin (BTC) will be hoarded, locked away, and unusable, while the version that actually functions as money—the scalable, efficient one—becomes the default. The second people realize that the “store of value” doesn’t move, doesn’t scale, and doesn’t serve any real purpose other than speculation, it gets left behind.
Money is not a static thing. It is a competitive system. The best one wins. The one that actually works wins. If you have a big-block, usable version and a crippled, slow version, people will simply use the one that works and abandon the one that doesn’t. The moment a superior alternative exists, the “store of value” argument collapses. Because the best store of value is the thing that is also the most liquid.
There are not two versions of Bitcoin. There is one. The one that works. The one that scales. The one that was designed to be used. The rest?
Irrelevant.
2/2
S. Tominaga AKA CSW
Mar 20, 2025
https://x.com/CsTominaga/status/1902637873339494631?t=yl5NuJqaR_d4c9g77Lgs1Q&s=19
https://t.me/S_Tominaga/2702
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