Jumping from the subject of gold as a resource to gold as a form of money, and to the subject of Bitcoin is unsystematic.
$3Trillion+ worth of monetay premium is non-trivial. The entirety of India, among many other cultures, use it as a store of value.
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Again, it's a modal fallacy. You keep talking about gold being a store of value, while it's entirely unrelated to gold being used as money today. It's not.
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You are confused. Money is many different things. It’s a store of value, medium of exchange, a unit of account, a bearer instrument, a commodity, coinage, debt instruments and generic objects of value. Perhaps you mean cash or currency.
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No, you simply have your information all over the place, unstructured. Money is money, SoV is SoV, MoE is MoE, UoA is UoA, etcetera. Fine art is a store of value, but it's not money. Apply logic to avoid time wasting.
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What do you think money is?
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It's 'n' unit of "X" that serves as a medium of exchange, a unit of account, and a store of value, all three.
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I think I understand where you are getting at. You’re saying if people simply sit on a cryptocurrency and don’t *use* it, it won’t have any value. So even if we keep majority of our wealth in it, we should spend/consume/receive/put into circulation at least a minority of it ...
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... to contribute towards it’s success. and global takeover. If people won’t use it actively, cryptocurrency will never win. Am I understanding your thesis correctly?
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Certainly more reliable and antifragile than the shitcoin that is the Ruble...
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