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Fair enough; store of value additionally requires restricted supply so that the value isn't debased. But in the context of this thread, that just strengthens th
by cwalv 2y ago
Fair enough; store of value additionally requires restricted supply so that the value isn't debased. But in the context of this thread, that just strengthens the argument that 'Bitcoin is different'.
- BobbyJo 2y agoIt also requires a value proposition that doesn't depend on the current zeitgeist, among other things. Society changes, and stores of value need to exist outside that change, lest they be left behind with the norms and dogmas. This is where I personally think bitcoin fails.
- cwalv 2y ago> Society changes, and stores of value need to exist outside that change I completely agree. I don't think this is different from saying the store of value needs to stay liquid tho. Bitcoin is currently very illiquid compared to many things, but there's no reason to think it's liquidity will decrease, and based on trends and first principles of what makes something a good 'money', significant reason to believe liquidity will continue to increase