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Thing is though, that the primary purpose of money is not to store wealth, but to exchange it for stuff. Bitcoin does not beat regular coins when it comes to t
by yxhuvud 13y ago
Thing is though, that the primary purpose of money is not to store wealth, but to exchange it for stuff.
Bitcoin does not beat regular coins when it comes to that yet.
- oleganza 13y agoMoney can only be used to exchange stuff when it has value. And it has value only when people are willing to hold it. If no one wants to invest in money long-term, then it has no value and thus cannot be used in "exchange". After all, money does not "move", it is always stored in someone's pockets and switches owners instantly. It's just everyone has different time preferences and stores different amounts of cash for different amount of time.