Here is a few quotes from Mises and Rothbard about the necessary quality of money. Hint: Its not store of value
Ancap Revolt's avatar Ancap Revolt
Are you a Keynesian? A deflationary asset encouraging saving rather than unnecessary spending is a good thing. When it comes to tx fees, you are missing the important fact that energy cost is constantly reducing. Being incentivized to save does not make Bitcoin worse as money. Additionally, L2 solutions can circumvent increasing tx fees. The fact that BTC is a superior store of value compared to Monero and that it can be used in exactly the same ways as Monero means that Monero has no place. There is a reason Monero has not gained widespread adoption. It never will, because it is a shitcoin. Everything Monero can do, Bitcoin can too.
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mbl's avatar
mbl 1 year ago
I think a good money is something who don't loose purchasing power over time and which don't care about human instability, what is your def ?