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But we already can stockpile the single universal store of value, dollars. Dollars, unlike Bitcoin, is completely under USA control.
by bediger4000 2y ago
But we already can stockpile the single universal store of value, dollars. Dollars, unlike Bitcoin, is completely under USA control.
- npoc 2y agoBut the value of dollar is halved every decade through supply inflation. That's why the price of houses doubles every decade while their value is relatively stable.
- wwwtyro 2y agoDo you mean medium of exchange? I think it's difficult to make the claim that the USD is a good store of value.
- bediger4000 2y agoMoney has the property of medium of exchange, yes. It's also a store of value, and a unit of accounting. I took econ 101.
- npoc 2y agoFlowers are also a store-of-value, but like the dollar, not a very good one.