Post
Topic
Board Economics
Re: Bitcoin as a money: when it can proclaimed as a "store of value"?
by
odolvlobo
on 24/12/2013, 00:22:28 UTC
Quote
I don't agree on that point. Bitcoin is a store of value. It doesn't loose its value with time contrary to FIAT money.
You cannot get stolen if you use an offline paper wallet.
The variation on the short term doesn't matter as long as it get value on long term which is the case.

Yes, but it would lose the value IF the Bitcoin network would stop operating, right?

You can't say that bitcoin isn't money because something might happen. The U.S. dollar would no longer be a store of value if someone at the Fed accidentally (or on purpose) pressed a button and increased the money supply by a factor of 100. Does that mean that the dollar is not money?