/biz/ - Business & Finance

>>58010210
Store of Value is not new, SoV is omnipresent as it's a vital economic function. Something will be used as a SoV, and that thing will develop SoV value, value as a SoV, supported by demand for SoV. The ultimate SoV will be that SoV which best meets SoV demand. We use gold, property, equities, debt, and bitcoin as SoV right now. Pop quiz hotshot: Which best meets SoV demand?

>>57860899
Dullard. The value of a Store of Value is derived from demand for Store of Value, SoV stores value dispersed within the economy by being something that meets the demand for SoV, if I buy something with good SoV properties and high network effect then it will have SoV demand in the future and therefore hold real terms value. SoV, not medium of exchange, is the primary function of Money as this function can only be properly met by something abstract

>>57851918
>money has no use other than money
You don't say.

>>57634961
>and yet no one seems to actually have any interest in using Bitcoin to make purchases or exchanges
Bitcoin is THE unit of account, a decentralized fixed supply transferable asset. This did not exist before bitcoin. Known scarcity is the wellspring from which the value of Money flows, bitcoin (fixed supply) is to gold (2% mining inflation) as superconductors are to conductors. This is systematically valuable because this is a universal economic demand, something will be used as a unit of account something always is, gold and large cap equities have played this role but BTC meets the demand better being truly fixed in supply. It does not need nor even benefit from being used as common currency, it can function as the unit of account fine as a free floating asset as price carries information.

>muh tech
Store of Value. Sorry OP, you got midwit filtered.

>>57440861
>Every store of value was first used as a currency
False.
>Bitcoin was first used as a currency aswell and now its perverted
Transactional media is a lowly status, good stores of value quickly secure significant SoV demand and therefore SoV premium which elevates them above such vulgar use case.

>>57318216
A store of value is an asset that meets store of value demand, it holds value by having demand as a store of value. It's real terms price is a product of demand for SoV, which can fluctuate wildly, this is where the midwits lose the plot, thinking because it's real terms value fluctuates that it's somehow not a SoV, or that SoV can't exist because you can't literally store value

>>57297084
Store of Value is a fundamental economic demand. Throughout history, universally across the globe, something as filled this niche. This has generally been gold when available, as gold possess physical properties that naturally meet SoV demand, but it's always been the SoV properties (finite, easily authenticatable, lacking strong functional demand and so on) that have been in demand, not gold itself, indeed when gold has not been available other goods filled this niche, including synthetic SoV like Rai stones or wampum.

BTC is the first synthetic SoV that outperforms gold on all meaningful metrics, BTC will continue to gain SoV marketshare as it better meets SoV demand, continued increasing demand will cause a supply crunch as the available BTC at the current price is insufficient to meet greater and greater demand.

>>57283068
No, fiat is mere transactional media, people trade goods/labor/currency for Store of Value because they know people in the future will also wish to trade goods/labor/currency for SoV. BTC accomplishes this fundamental economic function better than anything we've had before, fixed in supply, transparent in ownership, weightless, no counterparty risk, trustless transactions and trustless proof of ownership etc etc etc.

>>57263747
See: >>57261864

Functional demand is antithetical to Money, indeed, Au dominance over Ag is in no small part due to the greater functional demand for Ag, likewise the poor performance of Pt compared to Au is a textbook example on why high functional demand is detrimental to a Money

>>57253809
He missed out because he's a midwit, dumbfucks buy because line go up, big brains buy because they understand why line go up, midwits play themselves, they see line go up but refuse to buy because they don't understand

>>57207085
BTC is Money not currency, it gains nothing from being used transactionally, note that Au has very very rarely been used as currency (transactional media), poor money like Ag were used instead