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Update 202.08-lesson-establishedhistory.md
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pretyflaco authored Jan 9, 2023
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# 202.08 Lesson - establishedHistory

**Screen:** establishedHistory\
**Headline:** A good store of value should have a long and established history of being valued by society\
**Headline:** An established history of being valued by society\
**Illustration:**

**Text:** This is because a well-established store of value is less likely to be displaced by a newcomer, unless it has a significant advantage over the established good. 

People are create of habit, and they will keep using what they already know.
People are creatures of habit and will keep using what they already know. 

Gold, for example, has a long history of being valued and has maintained its value over time. In contrast, fiat currencies, which are a relatively recent invention, have a tendency to lose value over time due to inflation. 

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