Value cannot be stored. nostr:note1w0zxnzlppgg6h04cgecnynx9he3ecaqwfk9x30ty97x592dcftjsm4n6y2
Discussion
go on
the value of something depends on the persons involved, time, supply, and demand
there is no anchor “perfectly stable” valued item you can use either, and even if it existed, it would not have the same purchasing power at any given point
for example, with bitcoin, which is obviously not a stable store of value due to it being speculated on, even if it was stable, it is not immune to for example trust in it being shaken up due to the difficulty of forks and quantum computing risks
value is all speculative and subjective. i suppose it's a function of perceived future value that is being "stored". so there's no physical storage of value. so you're right.
A better factor is how a currency may perform in an environment with everything having a fixed and static value.
Bitcoin right now has too much volatility, and the USD degrades its purchasing power via inflation.
Sir, that’s the primary purpose of the good we designate as “money”
Value is subjective (See BTC price)
A SoV’s purpose should be to be a
Even with Bitcoin being basically near-stable in terms of supply, and assuming an ideal economic model, it will reflect effectively the same as inflation or deflation in terms of prices of products.
People will lose or gain trust in Bitcoin, some products become harder to produce, some easier, etc etc… There is no reason to value or want Bitcoin except to pass it onto someone else, and therefore that will reflect to the value of Bitcoin
Money has less properties compared to most other things that gives it “value”: only that people want to use it
For example, with your 1 hypothetically perfect store of value, if you can right now buy 3 apples, but only 2 next year, is that the money’s value changing?
Value is subjective, but money’s purpose is to store savings as effectively as possible. The less money can be meddled with, the more accurately it will preserve for the future
What are savings?
… “stored” value!
Also even if Bitcoin was a perfectly stable SoV (in terms of design) people can lose trust on it or speculate on it, which suddenly makes the value of the “SoV” volatile
Exactly what i started with 🙃
Savings are stored value, and that is the purpose of money 🤝
Great thread I encourage you to read it
Would be great to make this a nostr:nprofile1qqsdn8dd6ykfel5qthqx4zhx2gm062pt32phw83z6prtdnltxqr2p3gpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgqgjwaehxw309ac82unsd3jhqct89ejhxqg5waehxw309aex2mrp0yhxgctdw4eju6t0sxn4uz for threads like this. Saves as a aestheticly pleasing pdf to read though; a nostr eBook, if you will.