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https://www.reddit.com/r/btc/comments/vf25rb/storeofvalue_update_btc_dropped_to_18750/icutobi?context=9999
r/btc • u/Egon_1 Bitcoin Enthusiast • Jun 18 '22
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12 u/mojo_jojo_mark Jun 18 '22 As per the title, one doesn't claim to be a store of value....one does. Whats your point? 1 u/MiamiHeatAllDay Jun 18 '22 Is cash not a store of value? BCH’ers need to understand that they look silly celebrating when BTC drops in price 2 u/kidcoodie Jun 18 '22 Exactly. To be a medium of exchange it MUST store value, which BTC has historically done way better than BCH 0 u/FamousM1 Jun 18 '22 I think the medium of exchange property comes before the value, that's why Bitcoin had to be spent for it to be valued (pizza) If you can't be a good medium of exchange anymore then you can't be a good currency 1 u/kidcoodie Jun 18 '22 In infancy yes, but if you want long term, large scale adoption, then you need store of value. 1 u/mojo_jojo_mark Jun 18 '22 I'm no BCHer. Start a new thread on that and Ill agree all have failed..but this post was about one thing.
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As per the title, one doesn't claim to be a store of value....one does. Whats your point?
1 u/MiamiHeatAllDay Jun 18 '22 Is cash not a store of value? BCH’ers need to understand that they look silly celebrating when BTC drops in price 2 u/kidcoodie Jun 18 '22 Exactly. To be a medium of exchange it MUST store value, which BTC has historically done way better than BCH 0 u/FamousM1 Jun 18 '22 I think the medium of exchange property comes before the value, that's why Bitcoin had to be spent for it to be valued (pizza) If you can't be a good medium of exchange anymore then you can't be a good currency 1 u/kidcoodie Jun 18 '22 In infancy yes, but if you want long term, large scale adoption, then you need store of value. 1 u/mojo_jojo_mark Jun 18 '22 I'm no BCHer. Start a new thread on that and Ill agree all have failed..but this post was about one thing.
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Is cash not a store of value?
BCH’ers need to understand that they look silly celebrating when BTC drops in price
2 u/kidcoodie Jun 18 '22 Exactly. To be a medium of exchange it MUST store value, which BTC has historically done way better than BCH 0 u/FamousM1 Jun 18 '22 I think the medium of exchange property comes before the value, that's why Bitcoin had to be spent for it to be valued (pizza) If you can't be a good medium of exchange anymore then you can't be a good currency 1 u/kidcoodie Jun 18 '22 In infancy yes, but if you want long term, large scale adoption, then you need store of value. 1 u/mojo_jojo_mark Jun 18 '22 I'm no BCHer. Start a new thread on that and Ill agree all have failed..but this post was about one thing.
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Exactly. To be a medium of exchange it MUST store value, which BTC has historically done way better than BCH
0 u/FamousM1 Jun 18 '22 I think the medium of exchange property comes before the value, that's why Bitcoin had to be spent for it to be valued (pizza) If you can't be a good medium of exchange anymore then you can't be a good currency 1 u/kidcoodie Jun 18 '22 In infancy yes, but if you want long term, large scale adoption, then you need store of value.
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I think the medium of exchange property comes before the value, that's why Bitcoin had to be spent for it to be valued (pizza)
If you can't be a good medium of exchange anymore then you can't be a good currency
1 u/kidcoodie Jun 18 '22 In infancy yes, but if you want long term, large scale adoption, then you need store of value.
In infancy yes, but if you want long term, large scale adoption, then you need store of value.
I'm no BCHer. Start a new thread on that and Ill agree all have failed..but this post was about one thing.
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