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Why is the distinction important? In practice, a currency's only purpose (as far as I know) is using it to buy things. Calibrating against USD, or GBP, or JPY,
by CJefferson 13y ago
Why is the distinction important?
In practice, a currency's only purpose (as far as I know) is using it to buy things. Calibrating against USD, or GBP, or JPY, or gold value, or any other major stable currency, is equally good and gives a way of understanding the current value of BTC. How would you suggest we currently understand the value of a single BTC?
Certainly BTC have been, and continue to be, much more unstable than any of these metrics.