The Base Bitcoin Unit ~ Bitcoin to the Max
World Crypto Network
Max Hillebrand applies Rothbard's monetary theory: unit names (Bitcoin vs Satoshi, dollar vs franc) are economically immaterial—all are mere designations for weights of the same commodity. Historically, sovereign currencies were just arbitrary names for gold quantities; on the gold standard, the dollar meant roughly 1/20 ounce of gold. In a free market, traders naturally use base units and confusi

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