I agree with Szabo, but I think his word choice is poor.
Collecting isn't essentially "storing value," considering person A is the only one who finds value in it. Trade requires at least two people. Person B needs to find some interest in A's asset to have value outside of their own preference.
People want to say "collecting is storing value," but that's just speculation again.
As I wrote earlier, if the idea is that because of bitcoins early use as a currency from 2009-2015 was enough to build trust in the asset to store value in it, makes sense and let's use THAT position, using proper phrasing, than the current narrative which is misleading and technically incorrect.
rare
npub1l5…jq78u
2024-08-07 22:52:03
in reply to nevent1q…kx3y
Author Public Key
npub1l59ulrx34m5rle67ds8al32rs309hsl4p5nd9409cmfl55slnrqq8jq78uPublished at
2024-08-07 22:52:03Event JSON
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"content": "I agree with Szabo, but I think his word choice is poor. \n\nCollecting isn't essentially \"storing value,\" considering person A is the only one who finds value in it. Trade requires at least two people. Person B needs to find some interest in A's asset to have value outside of their own preference.\n\nPeople want to say \"collecting is storing value,\" but that's just speculation again. \n\nAs I wrote earlier, if the idea is that because of bitcoins early use as a currency from 2009-2015 was enough to build trust in the asset to store value in it, makes sense and let's use THAT position, using proper phrasing, than the current narrative which is misleading and technically incorrect.",
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