3 ms·

Cash also fairly rapidly depreciates

• OJFord 5y ago
  Not inherently.
  • jkepler 5y ago
    No, under the iron grip of central banks.
    • OJFord 5y ago
      Well my point is it's nothing to do with 'physical cash' or 'blockchain currency', it's an external effect which could be applied to whatever. Sure less so with something decentralised (again nothing to do with the medium really) - but you can still have positive (as in >0) inflation without someone setting inflation targets and having an 'iron grip' with which to mostly achieve them.
• dragonwriter 5y ago
  > Cash also fairly rapidly depreciates Which makes it a bad store of value, but has nothing to do with its utility as a medium of exchange. We have lots of productive investments to hold value in between times it is is converted to cash for exchange. Bitcoin is mainly attractive right now as one of (or an alternative to, depending on how you define “productive”) those, with a much higher average growth rate but also much more volatility than many of the other popular options.