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
