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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/
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
Re:Report on Stablecoins [pdf] by wpietri on Tuesday November 02, 2021 @02:27PM (#29085409)
Bitcoin is much more volatile than modern stores of value.
Re:Report on Stablecoins [pdf] by robner on Tuesday November 02, 2021 @04:43AM (#29078587)
Before the car was invented it wasn't considered a form of transport either.