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If transactional demand were the only useful adoption metric for money, where would that leave gold? The most important factor in a particular asset’s “adoptio
by atweiden 5y ago
If transactional demand were the only useful adoption metric for money, where would that leave gold?
The most important factor in a particular asset’s “adoption” as currency is its propensity to act as the unit of account for international settlement between nation-states.
- Retric 5y agoGold has more transactions per day than all crypto coins combined. In terms of value it’s moving ~200 billion dollars per day in exchanges.
- yaa_minu 5y agoExchange transactions and on-chain transactions are not the same, no?
- Retric 5y agoI am talking about gold on exchanges, that’s excluding real world gold transactions. Adding or removing exchange transactions on both sides isn’t enough to surpass or even come close to gold by either total volume or total dollar value of transactions. Look it up yourself if you don’t believe me. I always find it amusing that people are downvoting objective facts, but hey emotions trump truth.