Post
Topic
Board Economics
Re: Hi Excuse me Are currencies a "store of value
by
agentx44
on 10/12/2019, 19:38:40 UTC
Hi i'm monolicaคาสิโน
A quick history of currencies and paper money shows that money began as a deposit of a certain value of gold/silver and then turned into a representation of the promises of those who issue it.
Looking at the US dollar, it has lost more than 90% of its value, making all paper currencies a bad example of a "store of value." "I do not want to mention the scenario that happened in the state of Venezuela or Germany after the war."sagame
This kind of changes with the store value of a certain currency happens when the country's economy is unstable wherein inflations can be greatly observed since they have no choice but to do that to cope up with their falling economic status. There are instances wherein an event causes the store value to fall down and it can't be avoided with currency like fiat. Cryptocurrency is clearly a decentralized one, its store value doesn't change that much no matter what is happening making it a better currency that what most of the countries in the world have.