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by zacharytelschow 1485 days ago
Stores of value are, by definition, stable over time. An ounce of gold has been able to buy you a nice suit for hundreds of years, for example. How can something that fluctuates wildly in price claim to be a store of value? It's nonsensical.
1 comments

Here’s the definition from wikipedia:

  A store of value is any commodity or asset that would normally retain purchasing power into the future and is the function of the asset that can be saved, retrieved and exchanged at a later time, and be predictably useful when retrieved.
I stand by my statement that Bitcoin is a store of value because it retains purchasing power into the future. The housing market fluctuates too and most folks consider real estate assets as a store of value.