Get channel emojis and extra videos:https://www.youtube.com/@Bitcoin_University/joinIn this video, I discuss whether Satoshi understood money's function as a "store of value." I also discuss the common critique that Bitcoin has failed as a medium of exchange.The monetary functions of "store of value" and "medium of exchange" are conjoined at the hip, and cannot be understood apart from one another. Not investment advice! Consult a financial advisor.Praxeologically, "medium of exchange" is defined by the intention of acquiring a good for future exchange rather than when it is spent:https://x.com/bitstein/status/1697725561513349360Early Satoshi post on Bitcoin and the problems with conventional currency:https://p2pfoundation.ning.com/forum/topics/bitcoin-open-sourceSatoshi's "grey metal" thought experiment:https://bitcointalk.org/index.php?topic=583.msg11405#msg11405Satoshi/Malmi email exchange:https://mmalmi.github.io/satoshi/ I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals. #Bitcoin #crypto #storeofvalue Disclaimer Neither Matthew Kratter's Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky....https://www.youtube.com/watch?v=qVHVtCD9bV0