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Sovereign Countries produce goods and services with their curriences. When people trade dollars the world does things. when people trade bitcoin...
by mtoner23 4y ago
Sovereign Countries produce goods and services with their curriences. When people trade dollars the world does things. when people trade bitcoin...
- null0pointer 4y ago> When people trade dollars the world does things. when people trade bitcoin... the world continues to do things. The unit of account has nothing to do with actual production.
- mtoner23 4y agoYes it does, try making a company that does all business in Indian Rupees or bitcoin or whatever other currency. you will find that you produce less. The unit of account absolutely matters