News for hackers. Stuff that matters.

A comment on Becoming a Chess Grandmaster. Parent comment

Re:Becoming a Chess Grandmaster by tacitusarc on Tuesday July 27, 2021 @01:07AM (#27968858)
Digital scarcity and sound money cannot be the same, as scarcity and money are at odds with each other.
[ Parent | on HN ]
Re:Becoming a Chess Grandmaster by fleddr on Tuesday July 27, 2021 @02:20PM (#27975696)
No they're not. Money is supposed to be scarce and has been for the vast majority of the history of civilization.

But let's agree to disagree there. Even then, money has multiple roles: unit of account, store of value.

Currently, Bitcoin plays the role of storing value. Like a savings account, or "digital gold". Not for payments. It might play a payment role in the future on layer 2, or it might not. Too soon to tell.

[ Parent | on HN ]