Fiat: Medium of exchange: Dollar Store of value: House (requires debt ngu)

Gold: Medium of exchange: paper receipt for delayed settlement Store of value: physical bearer commodity

Bitcoin: Medium of exchange: Lightning instant settlement Store of value: digital bearer commodity

Gold required trust and supply centralized over time allowing governments to rug pull a hard money standard creating “by decree” fiat.

Fiat distorts free market pricing as governments require GDP growth to outpace exponential debt growth. This results in an incentive to devalue the currency and prop up the value for collateral (house prices). In the short run this works. In the long run this propagates wealth inequality as assets hyperinflate against currency.

Money is supposed to measure out time creating economic value and store this economic energy for future use.