Quote:
Originally Posted by jscott
Are you mixing up "store of value" with "medium of exchange"?
For reference, "store of value":
^^ this is Bitcoin, what it's designed to do, and what it has been doing for over a decade since its creation
|
It's semantics, but SoV and MoE are different. Something that is a good SoV is normally a good MoE.
From Wikipedia:
Quote:
|
A store of value is the function of an asset that can be saved, retrieved and exchanged at a later time, and be predictably useful when retrieved. More generally, a store of value is anything that retains purchasing power into the future.
|
Highlighting "predictably" and "retains purchasing power in the future". Volatility makes BTC not good in those regards. It's common in 1 week to have 20% less purchasing power. And if you owe people in BTC and it goes up, you're screwed. That's not a good medium of exchange.