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You cannot 'store value' without some counterparty risk because ultimately the value you store, has to be 'valuable' to some other person, likely many of them.
by jasmer 4y ago
You cannot 'store value' without some counterparty risk because ultimately the value you store, has to be 'valuable' to some other person, likely many of them.
Money/Credit is a social construct; not objectively separate from the system in which it's 'useful'.
If you really want to - you can store Gold in safe. How hard is that? It's relatively easy. A bit annoying, but plausible.
Of course, you have to be sure that others will value Gold in the future. There's no formal 'counterparty' in the specific sense you're alluding to (if the gold is under your bed) but the inherent value of the stored good depends on a 'counterparty'.
You can buy Real Estate, a bit of a pain and dependent on a bunch of laws, but that's an option.
Or any other thing.
All of it ultimately depends on 'counter party' and 'contextual' issues.
I think that this is a serious problem among the 'Self Sovereign' thinking - in pragmatic reality - there is no such thing. At least not in the sense of things like 'currency' or even 'stores of value' to be deployed commercially.
(You can 'store' things like fuel for your own future consumption, but that's a different story)