# Gavin Andresen
# 2010-06-23 14:47:51
# https://bitcointalk.org/index.php?topic=204.msg1714#msg1714

Money can be used as both a means of exchange and a store of value. @p{par}

I plan on using Bitcoins as a convenient, very-low-cost means of exchange. @p{par}

I don't plan on saving a significant number of Bitcoins as a store of value.  I like to invest in people who are doing productive things that grow our economy and make the world a better place, so when Bitcoins replace dollars  @s{wink}  I'll lend them to people by buying bonds or stocks. @p{par}

If you only use Bitcoins as a means of exchange, then you don't have to worry much about a sudden loss of faith in the system. @p{par}

If you use Bitcoins as a store of value... well, then you're a currency speculator, which can be highly profitable but is also highly risky.  Whether you're hoarding dollars or euros or yen or Bitcoins... @p{brk}