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Author Topic: Bitcoin as store of value  (Read 2238 times)
Spaceman_Spiff
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March 15, 2014, 01:37:36 PM
 #21

my thoughts:
1) I like bitcoin as a store of value.  I think that the ability for transaction needs to be there for it to be a store of value, just like transactions with gold might not be frequent, but they exist.
2) Inflation is not needed for currency use.  Rather, I would prefer solutions that can keep bitcoin as the metric of value, but circumvent it's limitations (mainly blockchain size, confirmation time to a smaller degree), probably something like off-chain transactions or whatever solution people come up with.
There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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ns12123
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March 15, 2014, 03:06:19 PM
 #22

I really cannot wait to see what happens, now everyone have his own thoughts and opinions but i guess will be something different that noone thought about it.

Cant wait.
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June 15, 2014, 12:27:28 AM
 #23

Plus, ask the guy who bought in 2009 and kept holding until now? Return of investment of 1 000 000 - how is that for store of value?

A store of value is usually considered something that has a stable value.

If the price of something goes either up or down too much then it is considered a poor store of value.

Your example is what a very good investment would be.
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