Bitcoin is to a first approximation not used as a unit of account, and that I feel is its biggest failure as a currency. Roman coinage, and subsequently Carolin

Bitcoin is to a first approximation not used as a unit of account, and that I feel is its biggest failure as a currency. Roman coinage, and subsequently Carolingian livres, were used as a unit of account centuries after they stopped existing as actual coinage. The day that Bitcoin arrives as a market force, is the day that prices are denominated in it without the implicit reference to the USD.