Sentences with phrase «act as a store of value»

There is a convention among cryptocurrency adopters that some cryptocurrencies can act as a store of value.

Despite high demand, Bitfinex sought to distance itself from the idea that Ethereum would perhaps become a tradeable digital asset that would rival bitcoin, in part, due to the fact that the exchange recognizes it's not meant to act as a store of value.

For the purpose of this guide, we'll look at two shared aspects of the cryptocurrencies: Their ability to act as a store of value and as transactional mediums.

On the whole, that relationship should bode well for Litecoin, because it means that it will serve in commercial purposes while Bitcoin acts as a store of value.

Not exact matches

But even more importantly, aside from being a long - term store of value, gold is a hedge — a form of money that acts as an insurance policy against a dangerously overleveraged financial system.

To accomplish that, the bill adds a definition of virtual currency to the state's money services statute (8 V.S.A. § 2500 et seq.): «stored value that (A) can be a medium of exchange, a unit of account, or a store of value; (B) has an equivalent value in money or acts as a substitute for money; (C) may be centralized or decentralized; and (D) can be exchanged for money or other convertible virtual currency.»

Assets are investments — things that have economic value and can act as a store of wealth.

To accomplish that, the bill adds a definition of virtual currency to the state's money services statute (8 V.S.A. § 2500 et seq.): «stored value that (A) can be a medium of exchange, a unit of account, or a store of value; (B) has an equivalent value in money or acts as a substitute for money; (C) may be centralized or decentralized; and (D) can be exchanged for money or other convertible virtual currency.»

Havven will offer a digital method of payment that fulfils the same three functions that traditional forms of money and asset - ownership do: act as a unit of account, a medium of exchange, and as a store of value, states the company.

By acting as a decentralized store of value that allows for instant and anonymous transactions, Pure offers a solution as a payment system that many other cryptocurrencies can't offer.

Within this ecosystem, the FOUR token acts as both the economy's main store of value and gas — the fuel used to conduct a transaction.

The interesting aspect of the conference is the debate over whether gold or bitcoin will act as the primary store of value after the dollar collapses.

In an additional discussion on Twitter meanwhile, BlockTower Capital CIO Ari Paul suggested that age - old economic theory — specifically MV = PQ — demonstrates that a cryptocurrency acting as a true store of value will ultimately usurp one being used for short - term profiteering.