I'd argue the portability point. There is significant cost to moving Bitcoin.

Is the #Goldback a good store of value? Store of value can be ranked according to the six following properties:

- Scarcity: No capped supply but restrained by gold availability and capacity of production.

- Stability: good stability relatively to an inflation index. Has seen occasional and short term periods of high volatility due to surge in demand (during Covid).

- Durability: good durability, hard to loose but not indestructible. Can be replaced for new #goldbacks.

- Portability: similar to cash. Not good for online payments and cross border migration (unless using a custodian).

- Divisibility: correct, but not flexible and lower denomination will keep increasing with the price.

- Acceptability: growing network but not high rate of acceptance yet. Still higher rate of acceptance locally than crypto by merchants who accept neither of them.

Is #Monero a good store of value? Store of value can be ranked according to the six following properties:

- Scarcity: no fixed supply but predictable supply through tail emission.

- Stability: higher stability than most crypto but still volatile during bull/bear markets.

- Durability: good, although hack and key mismanagement presents a risk of loss.

- Portability: great portability. Higher than Bitcoin due to dynamic block size guaranteeing low fees.

- Divisibility: yes, but currently fixed and hard-coded. May require to be updated as prices keep on rising.

- Acceptability: good but not as good as fiat currencies within a country of acceptance. Also this property is being challenged by delistings and shutting down of on and off-ramp services.

Is #Cash a good store of value? Store of value can be ranked according to the six following properties:

- Scarcity: no-capped supply and no predictability of the supply over time.

- Stability: continuously loose value against an inflation index but quite stable over short period of time.

- Durability: good durability, hard to lose, not indestructible.

- Portability: good portability, except for online payments and cross border migration.

- Divisibility: good divisibility but not flexible. Loss of value against inflation guarantees that current divisibility will suffice.

- Acceptability: great acceptability within national borders except for online payments. Used as a unit of account.

Let’s rank #Bitcoin, #Goldback, #Cash and #Monero to determine which one is the best store of value.

Scarcity: The supply of the store of value should be limited to maintain its value. For example, gold, Bitcoin, or other commodities with restricted supplies.

Bitcoin -> 3/3

Goldback -> 2/3

Cash -> 1/3

Monero -> 2.5/3

Stability: A store of value should maintain its value over time, ideally with low inflation or deflation. For example, assets like gold, real estate, or certain types of bonds can serve as stable stores of value.

Bitcoin -> 1.5/3

Goldback -> 2.5/3

Cash -> 1.5/3

Monero -> 1.5/3

Durability: A store of value should have a long lifespan to ensure its worth doesn't diminish over time. Precious metals like gold and silver, as well as digital assets like cryptocurrencies, typically possess this characteristic.

Bitcoin -> 2.5/3

Goldback -> 2.5/3

Cash -> 2/3

Monero -> 2.5/3

Portability: The store of value should be easily transferable from one person to another or from one location to another. For example, physical assets like gold or silver can be transported, while digital assets like cryptocurrencies can be sent through a blockchain network.

Bitcoin -> 2.5/3

Goldback -> 1.5/3

Cash -> 1.5/3

Monero -> 3/3

Divisibility: The store of value should be divisible into smaller units for practical use. For example, gold can be melted down, refined, and minted into smaller coins or bars, while cryptocurrencies can be divided into smaller fractions.

Bitcoin -> 3/3

Goldback -> 1.5/3

Cash -> 2/3

Monero -> 3/3

Acceptability: The store of value should be easily recognizable and accepted by others. For instance, gold, silver, and fiat currency are universally recognized and accepted.

Bitcoin -> 2/3

Goldback -> 1.5/3

Cash -> 2.5/3

Monero -> 1.5/3

Total #StoreOfValue ranking:

🥇 Bitcoin -> 14.5/18

🥈 Monero -> 14/18

🥉 Goldback -> 11.5/18

4th Cash -> 10.5/18

Do you agree? Let me know if you think I got it wrong.

#SoV #BTC #XMR #golbacks

What's the point of this? Is it a prayer for the price to go up?