Re:Reddit mods dumped tokens hours before blockchain program...
by JumpCrisscross on Saturday October 21, 2023 @06:18PM
(#37971001)
> aren't all currencies, by definition, assets / stores of value?
Yes and no. Modern currencies separate the medium of exchange and unit of account functions, on one hand, from the store of value and standard of deferred payment functions, on the other hand. Paper and deposit dollars are the former, Treasuries are the latter. Someone complaining about inflation eroding their cash under a mattress's value is literally using it wrong.
Yes and no. Modern currencies separate the medium of exchange and unit of account functions, on one hand, from the store of value and standard of deferred payment functions, on the other hand. Paper and deposit dollars are the former, Treasuries are the latter. Someone complaining about inflation eroding their cash under a mattress's value is literally using it wrong.