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WanderingEng  ·  2244 days ago  ·  link  ·    ·  parent  ·  post: BITCOIN IS LITERALLY DESTROYING AMERICA

I think I mostly agree with you. Me saying it's a store of wealth is much too basic of a statement in the same way the statement that it's a means of buying things is too basic.

You're right; money is a way of converting something into a widely accepted commodity that can then be converted back into something else. My job doesn't want to pay me in cat food, granola bars, and sleeping bags.

I do think there's an important storage or accumulation aspect, though. Money lets one take long duration effort and turn it into a very short term purchase (saving to buy a car, for example) or sell a single large item and use the proceeds over a long duration.