4 ms·
Bitcoin's original purpose was not to be a savings platform, no.
by NewJazz 1y ago
Bitcoin's original purpose was not to be a savings platform, no.
- npoc 1y agoNew assets monetise in stages. 1) Store-of-value (volatile, increasing value) 2) Unit-of-account, and medium-of-exchange once it has absorbed most value and so more stable in value, and people have sold all their lesser money into the market leaving them with only their harder money. See Gresham's and the Thier's Laws