Pretty good, though i don't fully understand the diff between "Store of Value" and "Stability of Value" Also, seems that universality / acceptability exist be shown as either (a) far lower on the pyramid or (b) a byproduct of the rest of the pyramid.
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Replying to @CantHardyWait @mdudas
Gold price annual vol is up to 15% but it *is* a store of value To be a reliable unit of account (underwrite contracts) you need <5% annual vol For such low vol, Either Bitcoin (fixed supply) needs to be 15T+ or use a Stablecoin... or fiat.
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Very loosely BTC needs to be 3T+ to be SoV 10T+ to be good MoE 15T+ to be good UoA
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Replying to @MustStopMurad @mdudas
Got it. My confusion stemmed from the seeming similarities between "Retain purchasing power into the future" & "Value holds fairly stable over time and doesn't change constantly" on the pyramid.
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Replying to @CantHardyWait @mdudas
Yeah I feel you. Store of Value has more to do with loose salability through time(years). Whilst stability of value is going deeper, requiring massive adoption and liqudity for price to be stable day-to-day.
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One of my concerns is it will take the world a long time to develop a Store of Value/“Money” consensus around any *one* cryptocurrency because there is constant possibility (anxiety? fear?!) of the nex-next-generation cryptocurrency having a “better” underlying “commodity”.
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Replying to @MustStopMurad @mdudas
Do you agree that ~everything used as "money" today has no *intrinsic* value other than fact that other [people] believe it has value? If so, doesn't universality / acceptability obviate the need for many other criterion on the pyramid? Or at least prove their existence?
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Global Acceptability perhaps would have been more appropriate I don't believe in intrinsic value, I believe in subjective value. That being said gold does have some commodity use-value. Fiat paper doesn't. Bitcoin underlying commodity is "persistent untamperable global ledger"
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My concern is will people use Bitcoin or will they use something that is *only* 80% as secure as bitcoin *but* 1200% faster and 3700% cheaper, 300% more programmable, etc.?
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