Part 3/7:

1. Store of Value (SOV)

2. Medium of Exchange (MOE)

3. Unit of Account (UOA)

Central to the store of value is the principle of scarcity, which underlines the importance of limited supply and the perception of value. The speaker argues that intrinsic value is a slippery concept, as true value has not been realized in currency since the days when commodities like bananas were used.

The current landscape reveals that many Initial Coin Offerings (ICOs) lack substantive fundamentals, leading to a chaotic environment for investors. Estimates suggest that around 95% of ICOs do not serve a worthwhile purpose but rather cater to short-sighted investors seeking quick returns.

The Importance of Fungibility