One of these claims is that bitcoin is currently too volatile to
serve as a store of value.
After walking through the characteristics that make something a currency - that it's accepted for exchange and
serves as a store of value - Marks ultimately agrees that bitcoin qualifies as one in this regard.
The cryptocurrency that's most valuable in the future will be the one that
serves as a store of value, taking market cap from gold, USD, EUR, etc..
There's another side of the virtual coin in this discussion — that Bitcoin doesn't need to be an everyday currency, but rather
serve as the store of value in the representative form of digital gold.
Not exact matches
«I believe it is important to separate the idea
of cryptocurrencies, whose main purpose is only to
serve as a medium
of exchange or a
store of value, from the proliferation
of «tokens» generally,» he declared.
«When tied to virtual currencies, this technology aims to
serve as a new
store of value, facilitate secure payments, enable asset transfers, and power new applications.»
The mining proceeds, then, can
serve as «an alternative
store of value,» making it «an environmental subsidy to alternative energy all around the world because it's causing [renewable energy projects] to be amortized over a year instead
of five.»
Indeed, bitcoin now
serves primarily
as an investment platform and
store of value.
While decentralised digital currencies have
served as an excellent speculative asset, the same can not be said for their use
as a medium
of exchange,
store of value or unit
of account.
More likely is the avoidance (or quick resolution)
of such a split, one that will also
serve as an important test that bolsters the perception
of bitcoin
as a secure
store of value.
A currency fulfills three well - defined purposes: to
serve as a means
of exchange,
store of value, and unit
of account.
They are assets because they can
serve as a good
store of value.
In it, Ravikant describes how cryptocurrency could
serve not only
as an alternative
store of value and medium
of exchange, but also
as a way startups could raise money without jumping through the usual hoops.
They are both the least volatile and the most likely to
serve as a long - term
store of value — that is, they won't disappear into the sunset.
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.
In his statement, he noted: A currency
serves as a predictable
store of value, and
serves as a medium
of exchange that's pretty stable in
value as well — bitcoin isn't there yet, they're still trying to find stability so
It was created to
serve as a currency, but in recent months and years it has worked
as a
store of value.
Yet
as time goes on, Bitcoin and other cryptocurrencies often
serve more
as a
store of value than a replacement for cash.
Professional Duties & Responsibilities
Served as human resource manager for eight locations throughout the Detroit area Led team
of approximately 20 employees in daily
store and human resource activities Recruited, trained, and reviewed staff ensuring effective, efficient, and professional operations Resolved disputes between staff members and determined appropriate remedial measures Experienced with workplace violence, team member crisis, and labor law disputes Directed corporate finances including payroll, benefits, and company / department budgets Managed employee sick time, vacation, maternity leave, and daily scheduling Implemented professional development programs resulting in increased employee
value Conducted staff training in appropriate work conduct, attire, and applicable employment law Oversaw employee recognition program building team morale and dedication to company goals Significantly cut employee rollover through various team building measures Ensured that corporate accounting and human resource operations met industry best practices Oversaw multimillion dollar
store inventory and loss prevention strategy Initiated, led, and closed investigations in cases
of lost merchandise Performed all duties in a positive, professional, and timely manner
Professional Duties & Responsibilities Directed operations
of Target
Stores generating $ 20 million in annual revenue Created and implemented strategies to cut expenses while increasing sales Assisted corporate leadership with
store marketing and branding efforts Hired, trained, managed, and reviewed more than 130 team members Enhanced employee
value through professional development programs Increased employee dedication through recognition and team building initiatives Managed logistics team operations including product unloading and stocking Oversaw planogram, pricing, instocks, backroom, and replenishment teams Created an attractive and impactful salesfloor ensuring steady sales Coordinated all salesfloor transitions, salesplanner, signage, and pricing sets Ensured the highest levels
of customer service resulting in repeat business
Served as liaison between Target leadership and construction contractors Guaranteed
store safety, security, and branding during remodel Built strong, long - term relationships with business partners, coworkers, and employers Completed all duties in a positive, professional, and timely manner Fostered an environment
of respect and dedication to company goals