There’s a common thread in crypto that in order to be successful as money bitcoin will inevitably have to be a unit of account, a store of value and a medium of exchange. I disagree and think we’d be served better by breaking those up in separate parts. For example:
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MoE is the quintessential and cornerstone function of money. SoV is simply MoE delayed into the future, and UoA is most often the most liquid and recognizable MoE.
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What makes money a SoV is precisely that it is the most liquid, reliable, recognizable, marketable, salable good with lowest idiosyncratic risk.
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Your desire to replace money in its entirety with a “portfolio” is an echo of this fiat era that we are in, where due to constant government printing, one is supposed to keep a diversified portfolio of stocks, bonds, munis, currencies, fx, commods just to preserve their wealth.
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In fact, I believe the opposite from what you are proposing will happen. In the future, the % of people’s wealth / portfolios held in cash will *increase* relative to today.
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Lastly, you are confusing Means of Payment with Medium of Exchange. What you described makes them little other than a payment rail.
End of conversation
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