Since value is subjective it cannot be stored.
What you've got is a Medium of Exchange over time and space. If you cannot exchange it with your future self (over time) it becomes useless as a Medium of Exchange over space too.
Since value is subjective it cannot be stored.
What you've got is a Medium of Exchange over time and space. If you cannot exchange it with your future self (over time) it becomes useless as a Medium of Exchange over space too.
Great. Now I have to read this again 5 times...
Nice to have you here!:)
I like the logic.
I value my Bitcoin more than any other tradeable good right now.
I believe that it will command more value in the future.
All value can be stored over time and space, it is just a question of how much others will pay, which is subjective.
Is not "Medium of Exchange over time and space" essentially the very definition of "Store of Value?"
I believe it is moreso a problem of semantics, as it is challenging to find words to describe these things
Wait, why?
A US dollar is not useful to me in 100 years, but it is useful to me (or someone else) tomorrow.
And now perhaps we have the explanation:
https://primal.net/e/note1733ehdd9ks84v35952wrcn0sgmxklwg4t26yj8quhs6kfu8gpzcq3xsujf
And for anyone else that, like me, has to pull the thread until things are completely unraveled, Knut says it clearly at the 1:10 time mark in this podcast: