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The downvotes are because you're being pedantic. Most of the world uses USD or currencies easily exchangeable with USD. Therefore USD is stable. I cannot buy a
by orthecreedence 8y ago
The downvotes are because you're being pedantic. Most of the world uses USD or currencies easily exchangeable with USD. Therefore USD is stable.
I cannot buy a car with a gold bar. They would laugh me out of the dealership and I'd have to sell the bar for USD. People want cryptocurrencies they can hold for more than two days that won't lose 50% of their value.
The value here is ability to conduct transactions, not necessarily a stable store of value.
- DSingularity 8y agoYeah, but the point of "storing value" is storing the purchasing power of a dollar today for future purchasing. You don't do that by saving the dollar, you do it by investing it or by buying something whose value will hold with time.