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by hhhxyxyy
3179 days ago
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No, store of value by definition cannot be diluted. Possession is the biggest risk, which seems low mathematically at this time based on prevailing wisdom. That could change, and if done so in secret for long enough, could render the validity of ownership null and void. |
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This not correct, it also misses the point.
Assuming a fixed amount of BTC's some day in the future - they could be valued at $5K one day and $0 the next day - without any 'dilution' at all.
This whole issue of the fixed supply of something does not give it any financial valuable properties at all. A BTC is 'just a number' - after all.
A 'store of value' is something that you can hold, and be sure that in 'x period of time' - it will be 'roughly worth the same amount' of whatever you want to measure it in.
That's it.
There are a lot of decent 'stores of value' available to anyone today. BTC's volatility alone - and risk of nobody caring about it in the future - make it not a very poor 'store of value'. Volatile, speculative things are the opposite of 'stores of value'. A 'store of value' is something you could buy now, and be 99% confident you could give to your great-great-great-grandchildren - and it would still have value.