Brace yourself for mind-bending revelations as we explore the captivating insights from Chapter 2 of this groundbreaking book "The Bullish Case for #Bitcoin"

An ideal store of value should be durable, portable, fungible, verifiable, divisible, scarce, have an established history, and be censorship resistant.

Durable: - The goods must not be perishable or easily destroyed. Thus, wheat is not an ideal store of value.

Portable: - An ideal store of value should be easily transportable and storable, which makes it more secure against loss or theft and more convenient for long-distance trade. For example, a gold bracelet is more suitable than a cow in this regard.

Fungible: - An ideal store of value should be fungible, meaning that each unit of the good is interchangeable with another unit of equal quantity. Without this attribute, the issue of the double coincidence of wants remains unresolved. For example, gold is more suitable than diamonds in this regard, as diamonds vary in shape and quality.

Verifiable: - An ideal store of value should be easily identifiable and verifiable as genuine. Quick and easy verification increases the confidence of the recipient in a trade, increasing the likelihood that the trade will be completed successfully.

Divisible: - An ideal store of value should be easily divided into smaller units. This attribute was not as crucial in early societies where trade was infrequent, but it became very important as trade expanded, and the quantities exchanged became more precise and smaller in size.

Scarce: - An ideal store of value should not be abundant or easily obtainable or producible in large quantities. Scarcity is a crucial attribute of a store of value as it appeals to the human tendency to collect rare items and is the source of the store of value’s original worth.

Established history: - The longer a good has been perceived by society as valuable, the more appealing it becomes as a store of value. A good store of value is difficult to replace by a new contender unless the new contender has a significant advantage.

Censorship Resistant: - Censorship resistance is a new attribute that has gained importance in our modern, digital society with widespread surveillance. It refers to the difficulty an external party, such as a corporation or state, faces in preventing the owner of a good from keeping and using it. Censorship-resistant goods are ideal for individuals living under regimes that attempt to enforce capital controls.

And that concludes our journey through Chapter 2 of "The Bullish Case for #Bitcoin"! 📚💡