bitnorm on Nostr: GREAT ARTICLE: “A store of value is just as it sounds. It stores all the ...
GREAT ARTICLE:
“A store of value is just as it sounds. It stores all the productivity and work created. If more value is created than a sound money, then that money by definition has more purchasing power and stores greater and greater value. If instead value is being destroyed by money supply abuse, then people will without fail seek to store their value elsewhere. Money must always, therefore, start as a store of value before it becomes a medium of exchange. Deflation is a measure of success in creating economic value as innovation creates more for less.”
https://bitcoinmagazine.com/culture/bitcoin-information-theory-bit
“A store of value is just as it sounds. It stores all the productivity and work created. If more value is created than a sound money, then that money by definition has more purchasing power and stores greater and greater value. If instead value is being destroyed by money supply abuse, then people will without fail seek to store their value elsewhere. Money must always, therefore, start as a store of value before it becomes a medium of exchange. Deflation is a measure of success in creating economic value as innovation creates more for less.”
https://bitcoinmagazine.com/culture/bitcoin-information-theory-bit