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RE: Store of Value vs. Exchange of Value

in #busy6 years ago

Personally, I can't see any long-term value in a digital asset that is hard to use, expensive, and doesn't transact.

A 400-ounce gold bar is hard to use, expensive, and doesn’t transact. Nonetheless, it’s an excellent store of value.

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Almost everyone agrees Gold is a store of value.
Honestly it depends on what economic philosophy you follow to consider a store of value. But yeah what you said is true :P
Read my comment why hard Austrian economics agrees that Bitcoin is a store of value.