Topic: Store of value and medium of exchange - page 2. (Read 1569 times)
There are some examples of money that werent good stores of value was rice or tobacco
The notion of mean of exchange implies certain characteristics that store of value doesn't require: divisibility, liquidity or transportability.
So mean of exchange is some special type of store of value, just like dog is a special type of animal. Still, "animals and dogs" doesn't sound logical. "Animals, including dogs" would be more proper, although, more clumsy. 
It's a standard phrasing: "Store of value and medium of exchange". But for me it sounds like "animals and dogs". Because for something to be a medium of exchange it have to be a store of value as well. Medium of exchange is just a short-term store of value.
Wouldn't it be more correct to say just "store of value" (short-and-long-term)?
Wouldn't it be more correct to say just "store of value" (short-and-long-term)?
When purpose of earning in cash or equivalent adjoined in a task, it is exchange, that's right but exchange is paid of services and exchange in cash or equivalent either way is investment and return, this is basically 'Store of value and medium of exchange.
Thanks
The notion of mean of exchange implies certain characteristics that store of value doesn't require: divisibility, liquidity or transportability.
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BTC has one other very important use: it is very mobile, you can take a lot of value when you get on that flight to Europe...
BTC has one other very important use: it is very mobile, you can take a lot of value when you get on that flight to Europe...
That and the ability to transmit money to the third world are two of the more apparent uses. Avoiding bullshit regulations about how you move YOUR money will be huge.
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BTC has one other very important use: it is very mobile, you can take a lot of value when you get on that flight to Europe...
BTC has one other very important use: it is very mobile, you can take a lot of value when you get on that flight to Europe...
You need both. A certificate of deposit (CD) is a sore of value buy a very poor medium of exchange. We just have to live with it, just like physicists have to use space-time.
Maybe we could shorten it and say "store-exchange" or "ex-store-change"
Maybe we could shorten it and say "store-exchange" or "ex-store-change"
It's a standard phrasing: "Store of value and medium of exchange". But for me it sounds like "animals and dogs". Because for something to be a medium of exchange it have to be a store of value as well. Medium of exchange is just a short-term store of value.
Wouldn't it be more correct to say just "store of value" (short-and-long-term)?
Wouldn't it be more correct to say just "store of value" (short-and-long-term)?
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