4 ms·
> tying economic prosperity to inflating resource value based on scarcity instead of utility Why would the store of value or the unit of account or the medium
by landemva 4y ago
> tying economic prosperity to inflating resource value based on scarcity instead of utility
Why would the store of value or the unit of account or the medium of exchange (the money) determine prosperity? The public accounting ledger provides transparency and auditability as a service which can reduce friction to economic prosperity. Neither gold nor Bitcoin creates a fun day at the beach - or whatever your measure of prosperity may be.