Separation of "unit of account" and "thing that people move around and hold" would be really interesting to see actually attempted. The crypto economy kinda is there already (most people paid in BTC/ETH don't have salaries *denominated* in BTC/ETC), but not yet wide scale.https://twitter.com/ArthurB/status/1166480461524328453 …
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Fair point. What do you mean by large transaction are the main action? Average transaction value for Bitcoin is high (~$100k), but median is just ~$500.https://bitinfocharts.com/comparison/bitcoin-mediantransactionvalue.html …
It depends on the wealth & income of the people doing the transaction, but for most people on the planet the mental transaction costs of converting a currency on a spreadsheet or even in their heads are a transaction-fee-sized or lower fraction of $500.
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Cool, seems you are thinking about it same way as I. And yeah, $500+ is a lot of money for most of the world. It’d be valuable to have the histogram of BTC transaction size conditional on origin/destination country. May work on it soon!
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Separating out the four legged ness and the vegetarian ness of a cow would be a really interesting experiment.
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Appreciate the creativity but don’t understand the quip
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Thank you for explanation! Sorry I was a bit slow there. I do disagree though that money has to be all three for consumers to treat it as money. For example, I don’t hold much USD as I think it’s inflation (depreciation) is higher than reported, but I still use it as my main MoE
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