Hi i'm monolica
คาสิโนA 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."
sagameActually you are right the traditional money is not at all a store of value because the value that it stores doesn't remains consistent but actually what the makers meant by "store of value" was that it would retain it's value in absolute terms not in terms of purchasing power parity. It means a dollar 1 bill would remain dollar 1 bill in 50 years but it never meant what you could buy with this $1 50 years from today. I think you are a bit mistaken here.