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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

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Discussion

average_bitcoiner 1y ago

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.

semisol 1y ago

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.

average_bitcoiner 1y ago

not malt fixed or static things in nature. entrophy is persistent.

semisol 1y ago

the production cost of things changes, for example, yeah.

but assuming that none of that changes and only looking at the currency helps