No...
Subject was
It's really not possible to "store value" if you don't have a high transaction quality.
Gold still has a $8 trillion market cap.
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No...
Subject was
It's really not possible to "store value" if you don't have a high transaction quality.
Gold still has a $8 trillion market cap.
And did you store value in the sense described here? No. There are plenty of other commodities and stocks that work just as well for speculation.
That doesn't mean that you'll put all your money in them, does it? Think about why not. Why is that not practical.
I don't see any reason why you should give up one half of what makes sound money.
Gold has such a long history of value via speculation it's not even speculation anymore.
Please realize that the price of gold could drop vastly if new gold was to be discovered. In this sense, Bitcoin is a great innovation too.
But you can't rely on it merely having a huge price. It also has to be actually transferable. Directly. Else you will start to have issues.
Agreed, but I thought we were discussing that something can somewhat be store of value even if it's not that easily transportable or not.