Unit of Account ~ Bitcoin to the Max
World Crypto Network
Max Hillebrand explains that Bitcoin's function as unit of account requires stable purchasing power. Volatile prices force entrepreneurs to constantly reprice goods, creating friction; customers lose stable reference values. Only after Bitcoin achieves widespread adoption as store of value and medium of exchange will supply-demand equilibrium stabilize purchasing power, allowing Bitcoin to functio

https://relay.towardsliberty.com/d8f11a98ad97049351d6696b8792a7712a906f72b5f71f59bb0a1fe2bfaf3d6c.mp4
Nov 12, 2018