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Contra

There are five key properties that make something a good form of money:

1.Divisible – Can it be broken into smaller units?

2.Durable – Will it last over time?

3.Recognizable – Can people easily verify it’s real?

4.Portable – Can you easily carry or transfer it?

5.Scarce – Is it limited in supply to help preserve value?

Bitcoin is the only form of money that excels in all five categories, making it the strongest monetary asset humanity has ever seen.

Satosha 9mo ago

Point five makes it an asset. . if it is scarce , why would anyone spend it !

Currency is first four points + it must lose value ..that incentives people to spend asap .. and sets up free market .. free market means you invest in asset of your choice .. you can't give people a default asset ..

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Discussion

Contra 9mo ago

It’s a fixed amount, making it scarce

Satosha 9mo ago

Yes .. currency must not be limited supply ( means you may add or remove ) .. because the role of currency is to keep prices inflating .. so that people are incentived to spend it ..as soon as possible ..

That is why no one saves in dollars checking accounts .. everyone buys bitcoin or stocks or real estate..

Contra 9mo ago

So….bitcoin checks all those boxes

Satosha 9mo ago

Yes .. that makes it asset .. it can never be a payments system .. which it was intended to be :-)

Satosha 9mo ago

Proof is in the pudding .. 15 years ..no one uses it as payments .. everyone thinks it is store of value ..