Re:Report on Stablecoins [pdf]
by wpietri on Monday November 01, 2021 @10:13PM
(#29076066)
Exactly. Nobody before 2009 would have described a highly volatile unbacked synthetic commodity as a "store of value". That's just what Bitcoin partisans shifted to when they realized it was unworkable for its stated purpose as a payment system. E.g.: https://avc.com/2017/08/store-of-value-vs-payment-system/
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Re:Report on Stablecoins [pdf]
by mattnewton on Tuesday November 02, 2021 @02:43AM
(#29077852)
Why not? There have been much stranger stores of value in the past https://en.m.wikipedia.org/wiki/Rai_stones
Bitcoin is much more volatile than modern stores of value.