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by notahacker 3130 days ago
There's no reason whatsoever to believe that "store of value" is a "main characteristic" of cryptocurrencies", still less that it "has the characteristics of gold". Cryptocurrencies have no physical use, no intrinsic value, no legal tender status, very limited and volatile history as a store of value, no stable pattern of future demand, immature and corrupt options and derivatives markets surrounding it and the beauty of open source means that the supply of cryptocurrencies in general is essentially unlimited.
1 comments

The three main functions of money are store of value, medium of exchange and unit of account. I use these three functions right now with cryptocurrencies.

Your premise to dismiss cryptocurrencies is that you don't believe I'm gonna be able to keep using these three functions in the future. We had cryptocurrencies close to 10 years and the next 10 years just look brighter than the last.