Quote from: m2017 on March 31, 2023, 03:31:03 PM

Quote from: Chukzy1992 on March 30, 2023, 09:32:50 PM

Firstly what is the word store of value;store of value is something that maintain its worth both in the present and the future.Money is a type of assets in an economy that you can use to buy goods and services from other people or businesses.One of the functions of money in an economy is that it's serves as a store of value.
A store of value is something people use to transfer purchasing power from the present to the future.
While money is an asset that can store value, and also Gold and silver for example, acts as store of value.
Since money is accepted as a store of value, trade is much more efficient.When an individual or business accepts money in exchange for a goods and services, the seller can store the money in a bank account and retrieve it later in the future.

You are deeply mistaken in asserting that money is a store of value. Money has always been just a medium of exchange. The use of money as a store of value has always been impossible due to inflation, which constantly reduces the purchasing power of money.

Gold and silver are now a store of wealth. Profitability is not high, but at least it allows you to freeze money, preventing inflation from depreciating.

A completely different alignment with bitcoin, which can be used both as money and as a store of value. Unique property to combine this.

We ate going to deep or spiritual lol in this matter.
I am surprised that everyone has made u-turn to say that money is not a store of value. While this is exactly what we learnt in elementary economics that one of the characteristics of money is that it is a tore of value.

If money is not a store of values why do we save with it. In order to recognise money as a store of value doesn't mean that money needs to hold the value to 100yrs. Even gold may not be a store of value in the next few decades. So, money is a store of value in as much as it transfers purchasing power to the future.