Right now, storing value and speculating — mostly.
Time averaging works by storing your value, then with each input you subtract 1/T times the stored value and add 1/T times the input value, where T is the period used for averaging.
MSBs have historically been recognized by FinCEN to include: (1) currency dealers or exchangers; (2) check cashers; (3) issuers of traveler's checks, money orders, or stored value; (4) sellers or redeemers of traveler's checks, money orders, or stored value; and (5) money transmitters.
They are storing value and transacting by way of electronic accounts "on" their mobile phones.
This concept is called "stored value" and is a key to building habit-forming products (according to the Hook Model).
Investments are actions that increase the likelihood of the next pass through the Hook by loading the next trigger, storing value, and creating preference for using the product.
If the new result is larger, an update is done for both the stored value and the index of the largest.
Part of the reason for bitcoin's slow uptake is that for the average consumer, its use cases— which include store value and remittance services— are still not clearly defined.
The combination of stored value and a network effect, along with continual investment from users who regularly add content, has created a strong pull for a large percentage of their users.
"They are a great store value, and will only be worth more in the future," Lipton said.
If an owner loses a card, only the stored value and the deposit of the card are lost.
