Replying to Avatar LogicallyMinded

Is #Bitcoin a good store of value? Store of value can be ranked according to the six following properties:

- Scarcity: yes, Bitcoin has hard-coded scarcity.

- Stability: stability increases after each cycles but overall, Bitcoin isn’t a stable asset. You can’t buy bitcoin at any time and expect its value to remain around the same level relative to an index tracking inflation.

- Durability: yes, although hack and key mismanagement presents a risk of loss.

- Portability: great portability.

- Divisibility: yes, but currently fixed and hard-coded. May require to be updated as prices keep on rising.

- Acceptability: good but not as good as fiat currencies within a country of acceptance. Also this property is being challenged by AML/KYC procedures.

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mister_monster 1y ago

I'd argue the portability point. There is significant cost to moving Bitcoin.

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