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This is a naïve article. They could have avoided writing it if they'd understood the simple principle that before a money can become a medium of exchange, it ne
by npoc 3y ago
This is a naïve article. They could have avoided writing it if they'd understood the simple principle that before a money can become a medium of exchange, it needs to prove itself as a store of value. Not just that but a stable (read mature) store of value.
Otherwise what value are you exchanging? And if an asset is going up in value over time, why would you spend it while you can spend some of your assets that are devaluing instead?
It's quite shocking how poor most people's understanding is, of what money really is.