1/ The success of cryptocurrencies is inevitable as everyone who has even a mild distaste of Excessive Government Power, Politicians, Taxes, Shitty fiat currencies, Arbitrary Currency Debasement & Seigniorage, Central Banks, Currency devaluations and depegs, Commercial Banks...
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Where does the need to store value arise from, lack of trust, double coincidence of wants, or undefined metric currently known as capital?
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Anxiety about the future, and desire to reduce that anxiety by reducing consumption today by transferring to have available, liquid, saleable media of exchange later.
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Double coincidence of wants is about Medium of Exhange. Store of Value is something that maintains it’s purchasing power as a Medium of Exchange over space and time.
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As opposed to fiat currencies, if Bitcoin is adopted as global money, it will grow in purchasing power by 2-3% per year as opposed to losing 2-3% per year. Mild deflation vs. Mild inflation.
End of conversation
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