The general acceptance of the velocity thesis (as reasoned from the tautological equation of exchange) is getting really silly at this point. Why does an asset changing hands often imply that people don't want it? It turns out that every trade has a seller *and* a buyer.
-
So if my wife and I trade tokens for fun with each other all year long, that'll make the price depreciate?
The goal of holding X tokens for a year between 2 accounts is cleverly constructed to be the same monetary demand regardless of velocity between those accounts. Not a fair example of general case where people's demand is independent.
-
-
So what kind of transactions count towards V?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.