Money is not a store of value. Commodities and investments are stores of value. Money is meant only for trade.
Silver is a store of value because it is useful for tons of things outside of modern technology. As is copper. Land is a store of value.
USD is not a store of value, it is a currency. Same as crypto, but most crypto is deflationary in nature, hence the increase in "value". USD is specifically inflationary as that is what our entire economy is built on.
You're making up your own definition of money there. Part of the definition of money is that it holds value over time. Commodities can have limited shelf life and investments are a way of growing wealth. Money, currencies and wealth are separate things that have overlap
All definitions are made up. The difference is currency and money is moot. They are like sex and gender. Two words for the same shit.
Money always holds value of some kind, but it is defined in its relationship with other things. Crypto has just been increasing in value due to increased demand. The dollar is going down because of increased supply and weak demand. The beauty of bitcoin is that it isn't related to governments at all, so it is going to be a thing as long as the internet is. And if the internet disappears, the dollar would be worthless too because the world would be in a catastrophic, history altering time. Gold and silver would likely be good, along with food and land.
“When I use a word,’ Humpty Dumpty said in rather a scornful tone, ‘it means just what I choose it to mean — neither more nor less.’
I agree with the rest of what you say but words have definite meanings and allow for accurately conveying ideas. The abandonment of sex in favour of gender has led to shit like transsexuals being normalized in clown world
But there is a difference between something of value outside its use as currency, and something only of value (temporarily) because of being a currency. If the Bitcoin network shut down, all the Bitcoin people "held" would be worthless. If the US government shut down all those dollars would become worthless. But the old gold and silver coinage would still keep its value.
I was going by the definition of money as some commodity that was used as trade (currency being something without value used as trade, e.g. fiat). Replacing money with currency, I agree with your post.
(post is archived)