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It's not. If you're trying to say it can be used as a unit of account, well.. okay, but same for the dollar. But it's inflationary on top of the obvious specula
by mhluongo 9y ago
It's not. If you're trying to say it can be used as a unit of account, well.. okay, but same for the dollar. But it's inflationary on top of the obvious speculative swings, versus eg Bitcoin that's got a capped supplY.
EDIT: misread! Obviously ETH lost a lot of value.
- klodolph 9y agoI'm not sure what you mean by "it's not". Are you saying that ethereum was not twice as valuable a month ago? Or something else? I don't know how this would be connected with whether it can be used as a unit of account—obviously ethereum is only really used as a unit of account for ethereum contracts, due to its volatility.
- mhluongo 9y agoAha, I totally misread, sorry! I thought you said 2 were 2.