A deflationary cryptocurrency has a low probability of being used for payments -- at any meaningful scale https://hackernoon.com/the-impact-of-bitcoins-deflationary-token-economics-on-its-viability-as-a-global-digital-currency-878f3042fb08 … ...A great store of wealth though!
Chris let's say I fall in love with Storecoin as a SoV. I actually believe it will be a major SoV at go at least to 500B You launch at a $0.5B market cap valuation. Why would I spend Storecoin at all if I believe in it as a SoV before it has went up 1000x? Do you get the issue?:)
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Developers and Merchants will be saving 2.5% + $0.30 per transaction by accepting STORE. If you pay in STORE, they can discount your transaction by up to 2.49% and then pocket the rest. ;)
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But it's Holding (the longer the better) which is what makes currency accrue value. Spending doesn't make it accrue value, if anything, too much spending can hurt value accrual. And if believe it has potential for 1000x I'll hold on for dear life, not spend :)
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means of payment != medium of exchange value transfer != value storage :P value storage = price increases value transfer = not neccessarily price increases if velocity is high
End of conversation
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