/biz/ - Business & Finance

Cryptocurrency is not a store of value. It cant be, and never will be. Blockchain and smart contracts are major technological innovations, and projects like Ethereum and Chainlink which are utilising this technology are indeed exciting investments which if successful will most likely lead to a dramatic increase in purchasing power for investors. But they are assets as utilities - not 'currency', and certainly not as stores of value.

The means of exchange(Money), is necessary to facilitate the indirect exchange system, which mankind developed as a solution to the inefficient barter system.

Instead of having to exchange your good directly for another good you want(barter) - You can now exchange your good for another good, which you can then exchange for a wider array of goods you need. This 'other good' will be the most marketable good in the economy, meaning it is the good with the most demand from the widest array of people. This marketable good will now become the medium of exchange, and this new utility as a 'money', will make it even more marketable. Thus begins a reinforcing spiral of more marketability - more use as a means of exchange - more marketability, and so on.

The means of exchange can only be commodity(another good). No one wants to exchange their goods and services, the results of their hard labour, for an arbitrary means of exchange, such as pieces of paper, with no utility or inherent value.

The free market will determine which commodity will become the primary means of exchange. This commodity will have qualities that ensure there is always demand, and this demand ensures there is always someone willing to exchange for it(marketability). This long term reliability as a marketable good makes the medium of exchange a 'store of value'. The 'store of value' quality of a means of exchange refers to its ability to retain 'purchasing power', ie the means of exchange will be able to 'purchase' the same quantity and quality of goods over time.

>>25631866
Yes, I would and checked

Do you faggots realize, that no matter how this US 'fun' escalation ends, crypto will be boosted by this into the stratosphere?
The new president must unite the country. You can't unite by using radical measures.
This is really it Anons. We made it. You just don't know it yet.

>>25319564
Based and profit takerpilled dabbing on seething bag holders

>>25133544
>>25133554
You're right. I lost my mind the moment I realized the absolutely crushing potential this so called "shitcoin" has at disrupting the whole financial world as we know it. If only you blockcucks could feel the same euphoria the chad Stakenet masternode holders feel on a daily basis. Alas, you gave that privilege away to fucking CZ of all people. Pffttahhahahahahhahahahahh!

>>25131229
Nigga you ought' to learn to take it easy. Take the chill pill and have a beer, it's Christmas after all.

>>25125455
An early present for swingies, m8. We told you about the shady ass exchange dawg,

My boss is gone for two weeks for leave, I just started this job so I only need to do trainings, which are so piss easy I do them quick. Then, I have the rest of my day to myself to fuck and workout. Life is on easy mode right now, good morning fellow WFH chads.

not buying at all

The only bull run you people will be seeing is the bull running up on your wife

>>24869596
You really think I give a single fuck about anything you say to me?

I'm literally all in Stakenet and I couldn't fucking be happier. I literally don't care about petty faggot 10x gains from btc or ethereum. I'm fucking gambling for the moon of my life here, not scraping the remains in the asshole of buttniggercoin.

Money is the tool that facilitates the indirect exchange system, which mankind developed as an alternative to the inefficient barter system.

In the barter system, parties directly exchange the goods they want to 'sell' for the goods they want to 'buy'. This system carries with it several limitations that impede economic growth, and therefore human progress. these limitations are explained fully here: https://www.yourarticlelibrary.com/economics/money/5-main-difficulties-found-in-barter-system-discussed/37849

The indirect exchange system addresses these difficulties. In the indirect exchange system you 'sell' your good not for a good that you need directly, but for another good which you can then 'sell' for the good that you need. This interim 'good' becomes the medium of exchange(money).

For this to work, the medium of exchange must, like all the goods we wish to exchange it for, be a commodity with qualities that ensure there is constant demand. The reason being is simple - if we are to exchange goods for another good(the medium of exchange) rather than the good we want directly, we must be confident that the good which is now acting as a medium of exchange will have sufficient 'demand' from someone else who possesses the goods we want to 'buy' in exchange for the good which is now acting as the medium of exchange.

For example: if a farmer wants to exchange some wheat for say, some furniture from an artisan, there must be an artisan willing to exchange their furniture for the wheat in return. But the artisan doesn't want wheat in exchange for their furniture- however there are wide array of goods in the economy that the artisan WOULD want in exchange for the furniture.

This is where the indirect exchange system comes in. The two parties, who both have goods they wish to exchange between each other, can now use a 'medium of exchange' to complete the exchange.

bitcoin is NOT a store of value.

The medium of exchange is the tool that facilitates the indirect exchange system, which we created as a solution to the inefficient barter system.

Instead of having to 'sell' the good that you dont want directly for the good you do want to 'buy' (barter), you can now 'sell' the good for another good(the medium of exchange), and then 'buy' the goods and services you want with the medium of exchange.

For this to work, the medium of exchange(money) must be a useful commodity that can retain consistent tangible value and utility, and therefore always have demand from others who are in turn looking to exchange their goods for said commodity (now the means of exchange). One of the most important benifits of this is that the medium of exchange can now act as a 'store of value', where 'purchasing power' can be stored in a commodity that can reliably be predicted to retain value over time.

Many commodities have been used as the means of exchange throughout history, but the free market has determined Gold and Silver suit our purposes for a means of exchange best.

Crypto currency fails as a means of exchange as it is not a commodity with any utility in and of itself, therefore cannot be a store of value. Despite its advantages over commodities in a digital sense, it is still expensive, slow, and difficult to use(relative to other mediums)

The medium of exchange is the tool that facilitates the indirect exchange system, which we created as a solution to the inefficient barter system.

Instead of having to 'sell' the good that you dont want directly for the good you do want to 'buy' (barter), you can now 'sell' the good for another good(the medium of exchange), and then 'buy' the goods and services you want with the medium of exchange.

For this to work, the medium of exchange(money) must be a useful commodity that can retain consistent tangible value and utility, and therefore always have demand from others who are in turn looking to exchange their goods for said commodity (now the means of exchange). One of the most important benifits of this is that the medium of exchange can now act as a 'store of value', where 'purchasing power' can be stored in a commodity that can reliably be predicted to retain value over time.

Many commodities have been used as the means of exchange throughout history, but the free market has determined Gold and Silver suit our purposes for a means of exchange best.

Crypto currency fails as a means of exchange as it is not a commodity with any utility in and of itself, therefore cannot be a store of value. Despite its advantages over commodities in a digital sense, it is still expensive, slow, and difficult to use(relative to other mediums)

The medium of exchange is the tool that facilitates the indirect exchange system, which we created as a solution to the inefficient barter system.

Instead of having to 'sell' the good that you dont want directly for the good you do want to 'buy' (barter), you can now 'sell' the good for another good(the medium of exchange), and then 'buy' the goods and services you want with the medium of exchange.

For this to work, the medium of exchange(money) must be a useful commodity that can retain consistent tangible value and utility, and therefore always have demand from others who are in turn looking to exchange their goods for said commodity (now the means of exchange). One of the most important benifits of this is that the medium of exchange can now act as a 'store of value', where 'purchasing power' can be stored in a commodity that can reliably be predicted to retain value over time.

Many commodities have been used as the means of exchange throughout history, but the free market has determined Gold and Silver suit our purposes for a means of exchange best.

Crypto currency fails as a means of exchange as it is not a commodity with any utility in and of itself, therefore cannot be a store of value. Despite its advantages over commodities in a digital sense, it is still expensive, slow, and difficult to use(relative to other mediums)

The medium of exchange is the tool that facilitates the indirect exchange system, which we created as a solution to the inefficient barter system.

Instead of having to 'sell' the good that you dont want directly for the good you do want to 'buy' (barter), you can now 'sell' the good for another good(the medium of exchange), and then 'buy' the goods and services you want with the medium of exchange.

For this to work, the medium of exchange(money) must be a useful commodity that can retain consistent tangible value and utility, and therefore always have demand from others who are in turn looking to exchange their goods for said commodity (now the means of exchange). One of the most important benifits of this is that the medium of exchange can now act as a 'store of value', where 'purchasing power' can be stored in a commodity that can reliably be predicted to retain value over time.

Many commodities have been used as the means of exchange throughout history, but the free market has determined Gold and Silver suit our purposes for a means of exchange best.

Crypto currency fails as a means of exchange as it is not a commodity with any utility in and of itself, therefore cannot be a store of value. Despite its advantages over commodities in a digital sense, it is still expensive, slow, and difficult to use(relative to other mediums)

The medium of exchange is the tool that facilitates the indirect exchange system, which we created as a solution to the inefficient barter system.

Instead of having to 'sell' the good that you dont want directly for the good you do want to 'buy' (barter), you can now 'sell' the good for another good(the medium of exchange), and then 'buy' the goods and services you want with the medium of exchange.

For this to work, the medium of exchange(money) must be a useful commodity that can retain consistent tangible value and utility, and therefore always have demand from others who are in turn looking to exchange their goods for said commodity (now the means of exchange). One of the most important benifits of this is that the medium of exchange can now act as a 'store of value', where 'purchasing power' can be stored in a commodity that can reliably be predicted to retain value over time.

Many commodities have been used as the means of exchange throughout history, but the free market has determined Gold and Silver suit our purposes for a means of exchange best.

Crypto currency fails as a means of exchange as it is not a commodity with any utility in and of itself, therefore cannot be a store of value. Despite its advantages over commodities in a digital sense, it is still expensive, slow, and difficult to use(relative to other mediums)

money is a means of exchange. it arose as a solution to the barter system, where instead of having to directly exchange the good you want to 'sell' for the good you want to 'buy', you exchange the good you want to sell for another good which you can then exchange for the good you do want to buy.

throughout history many different goods have served as the means of exchange - salt, tobacco, iron, copper, gold, silver. these goods, being commodities, have tangible value and people will use them as a means of exchange because they know there will always be some degree of demand for them. this makes them a 'store of value', as you can depend on other people valuing them over time, meaning you should reliably be able to exchange them for goods and services. this is an essential characteristic of 'money'.

over time, the free market will determine which good will serve best a means of exchange. history has shown Gold and Silver to be the most reliable means of exchange. They have tangible value industrially(especially nowadays) but arent as consumable or necessary for the economy as other commodities, meaning the supply, and demand, stays stable and predictable.

my question is, what makes bitcoin a 'store of value'? in and of itself, theres nothing to store. It also fails as a means of exchange, in that it is expensive, slow and not easy to use or even understand.

now dont get me wrong, i am heavily invested in crypto. particuarly uitility crypto, which can at least in some way be justified as being necessary and having value. I'll be damned if i miss out on another bull run mania, but i cant delude myself to the same extent that you reddit niggers can - most of this shit is going to 0, and im looking forward to dumping my bags on you redditors at the absolute top.

money is a means of exchange. it arose as a solution to the barter system, where instead of having to directly exchange the good you want to 'sell' for the good you want to 'buy', you exchange the good you want to sell for another good which you can then exchange for the good you do want to buy.

throughout history many different goods have served as the means of exchange - salt, tobacco, iron, copper, gold, silver. these goods, being commodities, have tangible value and people will use them as a means of exchange because they know there will always be some degree of demand for them. this makes them a 'store of value', as you can depend on other people valuing them over time, meaning you should reliably be able to exchange them for goods and services. this is an essential characteristic of 'money'.

over time, the free market will determine which good will serve best a means of exchange. history has shown Gold and Silver to be the most reliable means of exchange. They have tangible value industrially(especially nowadays) but arent as consumable or necessary for the economy as other commodities, meaning the supply, and demand, stays stable and predictable.

my question is, what makes bitcoin a 'store of value'? in and of itself, theres nothing to store. It also fails as a means of exchange, in that it is expensive, slow and not easy to use or even understand.

now dont get me wrong, i am heavily invested in crypto. particuarly uitility crypto, which can at least in some way be justified as being necessary and having value. I'll be damned if i miss out on another bull run mania, but i cant delude myself to the same extent that you reddit niggers can - most of this shit is going to 0, and im looking forward to dumping my bags on you redditors at the absolute top.

>>24326159
Yea i was just watching kitco news yesterday and some of what he said was alright, but Mike Maloney is based and I'll trust him. https://youtu.be/pboxv8Hne1E either way we make some money to buy more rocks

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>>23532355
>Implying

I told you faggots to ape in this project its fresh still so i dont know what you are waiting for !!!!

SPORE TO THE MOON!!!!

https://app.uniswap.org/#/swap?inputCurrency=0xa4bad5d040d4464ec5ce130987731f2f428c9307