Store of Value - an instrument that roughly maintains its value over space and time. Medium of exchange - instrument used as an intermediary in trade to avoid the inconvenience of a pure barter system.
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Value against what? Our incomes have gone up massively since then.
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Value against Gold. Wages have NOT gone up as fast as fiat has depreciated.
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Again, we have to disagree.
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Doesn’t this say store of value -> medium of exchange and then if multiple transactions unit of accounts? From the speech you mentioned.pic.twitter.com/TEjQOeAODP
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Read footnote 5.
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they say its the most important feature. I agree. but that has nothing to do with Sequence of how it originates
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in this thread above you say uoa comes from sov, but the boe paper you link explicitly states sov->moe->uoa
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No, that's not what the paragraph is saying. What it is saying is, there are many things that can be of 'value'. some of them can also be mediums of exchange, but if they are not unit of account, then they are worthless as money:UoA allows MoE and thus creates objective value.
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