Let’s rank #Bitcoin, #Goldback, #Cash and #Monero to determine which one is the best store of value.
Scarcity: The supply of the store of value should be limited to maintain its value. For example, gold, Bitcoin, or other commodities with restricted supplies.
Bitcoin -> 3/3
Goldback -> 2/3
Cash -> 1/3
Monero -> 2.5/3
Stability: A store of value should maintain its value over time, ideally with low inflation or deflation. For example, assets like gold, real estate, or certain types of bonds can serve as stable stores of value.
Bitcoin -> 1.5/3
Goldback -> 2.5/3
Cash -> 1.5/3
Monero -> 1.5/3
Durability: A store of value should have a long lifespan to ensure its worth doesn't diminish over time. Precious metals like gold and silver, as well as digital assets like cryptocurrencies, typically possess this characteristic.
Bitcoin -> 2.5/3
Goldback -> 2.5/3
Cash -> 2/3
Monero -> 2.5/3
Portability: The store of value should be easily transferable from one person to another or from one location to another. For example, physical assets like gold or silver can be transported, while digital assets like cryptocurrencies can be sent through a blockchain network.
Bitcoin -> 2.5/3
Goldback -> 1.5/3
Cash -> 1.5/3
Monero -> 3/3
Divisibility: The store of value should be divisible into smaller units for practical use. For example, gold can be melted down, refined, and minted into smaller coins or bars, while cryptocurrencies can be divided into smaller fractions.
Bitcoin -> 3/3
Goldback -> 1.5/3
Cash -> 2/3
Monero -> 3/3
Acceptability: The store of value should be easily recognizable and accepted by others. For instance, gold, silver, and fiat currency are universally recognized and accepted.
Bitcoin -> 2/3
Goldback -> 1.5/3
Cash -> 2.5/3
Monero -> 1.5/3
Total #StoreOfValue ranking:
🥇 Bitcoin -> 14.5/18
🥈 Monero -> 14/18
🥉 Goldback -> 11.5/18
4th Cash -> 10.5/18
Do you agree? Let me know if you think I got it wrong.
#SoV #BTC #XMR #golbacks
LogicallyMinded
npub1s0f…rqf5
2024-05-13 04:27:39
in reply to nevent1q…mxhv
Author Public Key
npub1s0fs9dwztm2rukm42vh6df4a5gwykclf75tgyeuc75t0cs2eh8rsu2rqf5Published at
2024-05-13 04:27:39Event JSON
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"content": "Let’s rank #Bitcoin, #Goldback, #Cash and #Monero to determine which one is the best store of value.\n\nScarcity: The supply of the store of value should be limited to maintain its value. For example, gold, Bitcoin, or other commodities with restricted supplies.\n\nBitcoin -\u003e 3/3\nGoldback -\u003e 2/3\nCash -\u003e 1/3\nMonero -\u003e 2.5/3\n\nStability: A store of value should maintain its value over time, ideally with low inflation or deflation. For example, assets like gold, real estate, or certain types of bonds can serve as stable stores of value.\n\nBitcoin -\u003e 1.5/3\nGoldback -\u003e 2.5/3\nCash -\u003e 1.5/3\nMonero -\u003e 1.5/3\n\nDurability: A store of value should have a long lifespan to ensure its worth doesn't diminish over time. Precious metals like gold and silver, as well as digital assets like cryptocurrencies, typically possess this characteristic.\n\nBitcoin -\u003e 2.5/3\nGoldback -\u003e 2.5/3\nCash -\u003e 2/3\nMonero -\u003e 2.5/3\n\nPortability: The store of value should be easily transferable from one person to another or from one location to another. For example, physical assets like gold or silver can be transported, while digital assets like cryptocurrencies can be sent through a blockchain network.\n\nBitcoin -\u003e 2.5/3\nGoldback -\u003e 1.5/3\nCash -\u003e 1.5/3\nMonero -\u003e 3/3\n\nDivisibility: The store of value should be divisible into smaller units for practical use. For example, gold can be melted down, refined, and minted into smaller coins or bars, while cryptocurrencies can be divided into smaller fractions.\n\nBitcoin -\u003e 3/3\nGoldback -\u003e 1.5/3\nCash -\u003e 2/3\nMonero -\u003e 3/3\n\nAcceptability: The store of value should be easily recognizable and accepted by others. For instance, gold, silver, and fiat currency are universally recognized and accepted.\n\nBitcoin -\u003e 2/3\nGoldback -\u003e 1.5/3\nCash -\u003e 2.5/3\nMonero -\u003e 1.5/3\n\nTotal #StoreOfValue ranking: \n\n🥇 Bitcoin -\u003e 14.5/18\n🥈 Monero -\u003e 14/18\n🥉 Goldback -\u003e 11.5/18\n4th Cash -\u003e 10.5/18\n\nDo you agree? Let me know if you think I got it wrong.\n\n#SoV #BTC #XMR #golbacks",
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