Jose Sammut's avatar
Jose Sammut 1 year ago
Store of value is the whole game, for now. Store or Value is a prerequisite for it to be a Medium of Exchange. If, over time it is used more widely as a store of value, it will become a preferred MoE eventually. Medium if Exchange is a prerequisite for it to be a Unit of Account. If, over time is is used more widely as a medium of exchange, it will become a preferred UoA eventually.

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Jose Sammut's avatar
Jose Sammut 1 year ago
This, in my opinion, does not contradict what I said. Mises and Rothbard are discussing the emergence of money as a concept. Ie why we transition from barter. It arises from the need to exchange goods and services. I'm discussing the emergence of a new currency.