alt Hacker NewsMy point is thdt your aren't really storing value when price is highly volatile, you're gambling. If I put $100 into a store of value, it would continue to be worth $100. If I put $100 in and it may be $30 or $300 later, that isn't value stored.
And yes you can functionally make transactions, but based on current transaction fees it looks like I'd pay $0.22 in fees so I could wait 10-20 minutes for a transaction to likely clear. I'm not doing that at a gas pump, grocery store, etc.
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darkwater • today at 12:27 PM
Isn't store of value something that keeps up with inflation? I put 100$ today, which can buy X, in 20 years I can still buy X with that, while 100$ can buy just X/2.
Otherwise I just use the dollar bill as the store of value
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It's not a store of value by these metrics. If your primary concern is being able to store assets that cannot be seized or frozen by, say, foreign adversaries, it suddenly becomes much more viable. Occasionally up or down 50% is a lot better than down a guaranteed 100%.