Bitcoins is with its limited supply already a good store of value, each bitcoins halving brings the yearly supply inflations down and the next halving, just a year from now will bring the bitcoin inflations down under the major fiat currency's supply inflations.
With the missing trust in the fiat system, we will see more people moving some of there wealth into bitcoins.
Topic: Is it a value reserve? - page 4. (Read 866 times)
It could be. A lot of people already use it as such. Bitcoin seems to be much more popular for its HODL potential than its actual utility as a spendable currency after all.
What do you mean by deterministic sense? Either way, it has already changed the world by birthing an entirely new asset class, and could change the world even further, depending on how adoption plays out. The end game, or in my opinion at least, is for it to be well established enough to serve as a reserve currency a la USD.
What do you mean by deterministic sense? Either way, it has already changed the world by birthing an entirely new asset class, and could change the world even further, depending on how adoption plays out. The end game, or in my opinion at least, is for it to be well established enough to serve as a reserve currency a la USD.
It is a store of value further when it got more usage automatically it got some form of transition. With that users started to make bitcoin compared to gold. Bitcoin being virtual has got value same as gold but now the same is being added to the list of taxable commodities same as gold in some countries. We cannot experience a wholesome change in a short, possibly little by little we will see advancement through technology.
What are we talking about here?
An asset valuation reserve is capital required to be set aside in order to cover a company against unexpected debt. The asset valuation reserve serves as a backup for equity and credit losses. A reserve will have capital gains or losses credited or debited against the reserve account. Source : https://www.investopedia.com/terms/a/asset-valuation-reserve-avr.asp
or
A store of value is the function of an asset that can be saved, retrieved and exchanged at a later time, and be predictably useful when retrieved. More generally, a store of value is anything that retains purchasing power into the future. Source : https://en.wikipedia.org/wiki/Store_of_value
I do not know if you have your description 100% correct for the question you are asking.
An asset valuation reserve is capital required to be set aside in order to cover a company against unexpected debt. The asset valuation reserve serves as a backup for equity and credit losses. A reserve will have capital gains or losses credited or debited against the reserve account. Source : https://www.investopedia.com/terms/a/asset-valuation-reserve-avr.asp
or
A store of value is the function of an asset that can be saved, retrieved and exchanged at a later time, and be predictably useful when retrieved. More generally, a store of value is anything that retains purchasing power into the future. Source : https://en.wikipedia.org/wiki/Store_of_value
I do not know if you have your description 100% correct for the question you are asking.
You reffer if hold and store money on bitcoin is like storing money for reserve and can get money anytime back, but bitcoin is volatile and not works like to storing money and get back when want but work similar to gold and here i reffer to price.
Because could bitcoin represents a value reserve or acts as a "digital gold", really could it change the world in a deterministic sense?
I totally don't understand what you are trying to ask.What do you mean by "value reserve" and "deterministic sense"?Bitcoin is a store of value,I guess that this is what you call value reserve.I don't think that this feature of bitcoin will change the world,as bitcoin is just one of the many financial assets that can work as a store of value.The world's progress isn't determined,so I don't get what you are trying to say by "deterministic sense".
The idea that Bitcoin can change the world is for me an overstretch already. Certainly, Bitcoin is very valuable both as a currency and a store of value and we are seeing it now in terms of price and adoption. Certainly, Bitcoin can be bringing in many changes especially in the world of finance and economics and we are going to experience these innovations as years roll by. Bitcoin just like the fiat money can be a big tool for change but changing the world can take a lot of time, effort, money and the cooperation of the people and those holding in the power in the government. It would be safe to say that Bitcoin can contribute to many changes...but expecting that this can be the one to make it alone may not be true.
For some people, it already is a great value reserve and serving other purposes aside from what was mentioned. I'm not so sure about 'deterministic sense' though the past cycles of bitcoin suggest that we are always heading north (if that makes any sense) but still, not in a definite fashion/manner. Anyway, it is now changing the financial world in ways one can only imagine back then, and I think that's more important more than anything else, and a subtle break from the constraints of banks helped some nations, too.
Because could bitcoin represents a value reserve or acts as a "digital gold", really could it change the world in a deterministic sense?
It could be a thought that can change the world, little does not make sense to me personally because all innovations that exist today cannot be good shortcuts for the world, perhaps more precisely for people or companies that use crypto as their business builds, like a small example, everyone who enters the crypto world is better for some people who diligently do it because everyone involved cannot be economically resolved because crypto is at high risk, don't think too much about crypto who wants it, the opportunity is still wide open for change the world. 
It couldn't change the entire world's situation but it has a big impact on the economic growth of the world market as it provides financial freedom to every user. Bitcoin is multifunctional and it benefits a lot of people around the globe. Its vital role is now a part of our necessity.
We are not able to tell. However, the cryptocurrency is the only digital asset we could expect to be a long term one. There are a lot of digital assets. Like online game coins, memberships and so on. However, those things are really small stuff compared to bitcoin.
For now, cryptocurrencies are the most effective alternative asset in the world, but I don't really see it as a thing to replace gold. Because gold will always be gold and it is a physical and modifiable asset. It is really different.
For now, cryptocurrencies are the most effective alternative asset in the world, but I don't really see it as a thing to replace gold. Because gold will always be gold and it is a physical and modifiable asset. It is really different.
airline miles might represent a comparable amount of money stored in digital assets vs crypto and btc.
Bitcoin is more easily convertible into other assets than gold is. Bitcoin in my mind is significantly better than gold because you can't take $11,000 of gold onto a plane, but you can take millions of dollars in bitcoin anywhere you like.
We are not able to tell. However, the cryptocurrency is the only digital asset we could expect to be a long term one. There are a lot of digital assets. Like online game coins, memberships and so on. However, those things are really small stuff compared to bitcoin.
For now, cryptocurrencies are the most effective alternative asset in the world, but I don't really see it as a thing to replace gold. Because gold will always be gold and it is a physical and modifiable asset. It is really different.
For now, cryptocurrencies are the most effective alternative asset in the world, but I don't really see it as a thing to replace gold. Because gold will always be gold and it is a physical and modifiable asset. It is really different.
Because could bitcoin represents a value reserve or acts as a "digital gold", really could it change the world in a deterministic sense?
May not change the world too fast but it can change a person’s life and his financial status and it did to a lot of people. Anyway not everyone regards bitcoin as a value reserve some use it for daily expenses, some regard it as some short term investment and some as a digital currency which they can use in some areas it is accepted. For some long term holders I guess they regard it something of great value.
Certainly ........ but paying a pizza 10,000 btc in 2010 is not very cheap....Laszlo Hanyecz DOCET. The future is a Satoshi' s idea and his paradigm.
Bitcoin does indeed have a value reserve, but it is probably not what you might think. Over the course of bitcoin there has been repeated investment in 2 categories:
In order to make a bitcoin it costs money and the combined investment over time has created a momentum. That investment in infrastructure and electricity is built into the price of bitcoin and always has been. No one makes something for less than what it can be sold for. Here is a picture covering the last 3 years of bitcoin's price over the infrastructure cost and the price floor (infrastructure cost + electricity cost). It is a realtime number that changes based on the hash rate and mining efficiency.
Click on the link to see the image
You can find out more about it here at my website if you like:
https://www.amsinger.org/fundamental-method
Hope I have helped!
- Infrastructure (computing equipment)
- Electricity (and operating costs)
In order to make a bitcoin it costs money and the combined investment over time has created a momentum. That investment in infrastructure and electricity is built into the price of bitcoin and always has been. No one makes something for less than what it can be sold for. Here is a picture covering the last 3 years of bitcoin's price over the infrastructure cost and the price floor (infrastructure cost + electricity cost). It is a realtime number that changes based on the hash rate and mining efficiency.
Click on the link to see the image
You can find out more about it here at my website if you like:
https://www.amsinger.org/fundamental-method
Hope I have helped!
Because could bitcoin represents a value reserve or acts as a "digital gold", really could it change the world in a deterministic sense?
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