LogicallyMinded on Nostr: Is #Bitcoin a good store of value? Store of value can be ranked according to the six ...
Is #Bitcoin a good store of value? Store of value can be ranked according to the six following properties:
- Scarcity: yes, Bitcoin has hard-coded scarcity.
- Stability: stability increases after each cycles but overall, Bitcoin isn’t a stable asset. You can’t buy bitcoin at any time and expect its value to remain around the same level relative to an index tracking inflation.
- Durability: yes, although hack and key mismanagement presents a risk of loss.
- Portability: great portability.
- Divisibility: yes, but currently fixed and hard-coded. May require to be updated as prices keep on rising.
- Acceptability: good but not as good as fiat currencies within a country of acceptance. Also this property is being challenged by AML/KYC procedures.
Published at
2024-05-12 19:38:00Event JSON
{
"id": "0879a86dd661dbb927dc00fe015a822ed2227a38a655a57fa2f738eb3a8412f5",
"pubkey": "83d302b5c25ed43e5b75532fa6a6bda21c4b63e9f516826798f516fc4159b9c7",
"created_at": 1715542680,
"kind": 1,
"tags": [
[
"t",
"bitcoin"
]
],
"content": "Is #Bitcoin a good store of value? Store of value can be ranked according to the six following properties:\n\n- Scarcity: yes, Bitcoin has hard-coded scarcity.\n- Stability: stability increases after each cycles but overall, Bitcoin isn’t a stable asset. You can’t buy bitcoin at any time and expect its value to remain around the same level relative to an index tracking inflation. \n- Durability: yes, although hack and key mismanagement presents a risk of loss.\n- Portability: great portability. \n- Divisibility: yes, but currently fixed and hard-coded. May require to be updated as prices keep on rising. \n- Acceptability: good but not as good as fiat currencies within a country of acceptance. Also this property is being challenged by AML/KYC procedures.",
"sig": "5cfd1eed98be2619b8bd23ab0d7cc0aff598606a66e2af37e3e624a30b57d2b5231e1c50275b0db20fa87b32b1a49a135e7a0c53ebac3f35631158ce2116a3e3"
}