So bottom line and to get back to the subject of this post: do option sellers have a trading edge? The answer is yes.
Right, so you're assuming that the medium of exchange also has to be a long-term store of value. Why is that? Is this some sort of a fundamental rule?
Do you think that the medium of exchange should not be a long term store of value?? Money or a medium of exchange is simply a way to make barter Available to people who don't want to trade with the things or services you produce. So if you produce goods and store them long term they should be worth less under your view in the future simply because time has passed??? .
Well, my point is that I just don't see any objective fundamental reason why the medium of exchange has to also act as a store of value. Is it written somewhere that this always must be the case? In response to your other question, indeed, in an overwhelming number of cases, if I produce goods and store them long term, they definitely, without a slightest doubt, will be worth less in the future, because time has passed. I mean if I grow and pick a bunch of tomatoes, will you pay me the same price for them a year from now as you do today?
How about cutting your hair??? Should that be worth more? How about making a t shirt or jeans? Yes if you are talking about food and technology maybe, but there are many examples of normal things where this doesn't apply. Only when you arbitrarily inflate the medium of exchange does it lose value. A galon of gas in 1964 was .30 cents. Today you can buy a galon of gas with 3 dimes printed in 1964. Their silver value is 1.39 each or 4.17. Go figure.
Cutting my hair? I am not really sure I understand your point here... What's the store of value in this context? Generally, speaking only for myself, I definitely expect to pay less for a haircut as time passes, since, sadly, there's less and less hair to be cut. As to t-shirts, jeans and other clothes, you must be joking . I am sure as hell not going to pay the same price for a piece of clothing made 10 years ago as I do for something made today. And it's not just because it probably looks wacky. Fabrics and other materials age and deteriorate just like everything else (2nd law of thermodynamics is a b1tch, innit?). So forgive me, but I can't get excited over the idea of clothes as a store of value. As to inflating the medium of exchange, one man's "arbitrary" is another's "predictable". Don't get your point about silver, sorry...
You people still dont get that the purpose and behavior of money is completely different from that of goods. Yet you keep comparing the two... For one, hoarding of capital or goods have vastly different outcomes than hoarding money. We've seen the result of the latter before, and it ain't pretty. But hey if you want back on the gold standard...why not create your own unofficial currency, and good luck convincing Walmart to accept your gold bars as means of payment.