/biz/ - Business & Finance

>>7547495
>store of value

You'd have better luck going back to the Rai stone. At least then, when it all fell apart you'd at least have a big fucking rock.

>>7541554

Yes, you can pick anything as being a store of wealth, but in order for it to be sustainable, you need either...

... worldwide acceptance, like gold has had for 2800 years.

or

... a monopoly on the right to declare something legal tender, like with the Federal Reserve note.

or

... isolation, like with the people of Yap and the Rai stone

Would have been better off to store your wealth in actual Rai Stones. Pretty hard to steal a big fucking rock

Was this coin unironically named after the Rai Stone, or was the developer a smart ass?

And can anyone tell me what the conversion from Rai stone to bitcoin is?

I've got a pretty big holding I'd like to convert.

I mean, a storage of wealth can be anything people agree on.

Maybe we should follow the lead of the Yap and bring back the Rai Stone.

I mean, why shouldn't a big fucking rock be worth as much as ether?