Re:Steam is no longer supporting Bitcoin
by m3kw9 on Wednesday December 06, 2017 @02:42PM
(#15864242)
If you treat it like gold(store of value) then having a service that makes it liquid is just a bonus. Is like expecting to be able to purchase something using stock.
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Re:Steam is no longer supporting Bitcoin
by masklinn on Wednesday December 06, 2017 @02:47PM
(#15864300)
The point of a store of value is to have a stable, well, value. Either because the value is entirely intrinsic or because the demand is very stable.
Bitcoin is no more a store of value than tulips were. Bitcoin is a speculative product, not a store of value.
Re:Steam is no longer supporting Bitcoin
by greenhouse_gas on Wednesday December 06, 2017 @03:28PM
(#15864665)
A store of value is something which you can be sort-of sure that people will want it in X years (with the longer the X, the better).
Gold has been valued since, I don't know, before the Greeks. What are the chances that tomorrow gold will go completely out of style (say gold will be worth no more than copper)? What about BitCoin? Can you put money in BC and hide it away?