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> There are 3 functions of money: store of value, unit of account, and medium of exchange. Cryptocurrencies like Bitcoin fulfill all 3. Bitcoin fails miserably
by user-the-name 5y ago
> There are 3 functions of money: store of value, unit of account, and medium of exchange. Cryptocurrencies like Bitcoin fulfill all 3.
Bitcoin fails miserably at all three. Come on. Bitcoin can do a measly three transactions per second for exorbitant fees, it is massively unstable and unsuitable as a store of value.