Store of value and medium of exchange aren’t competing use cases. They reinforce each other.
You can separate them conceptually to test the thesis:
Can something function as a store of value even ...
sorry
me again
In the real world *people hold the thing they know they can exchange for stuff* that they need.
Holding money as a speculative investment, ie for the NGU, is great if you can.
But it is secondary, as money isn't useful if you can't exchange it for stuff.
The other utilities of money are downstream of its ability to be a MoE.
me again
In the real world *people hold the thing they know they can exchange for stuff* that they need.
Holding money as a speculative investment, ie for the NGU, is great if you can.
But it is secondary, as money isn't useful if you can't exchange it for stuff.
The other utilities of money are downstream of its ability to be a MoE.
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