1/3 ING not totally right. Nice BTC outcome could be medium of exchange & store of value, w/o being unit of account http://www.coindesk.com/ing-future-bitcoin-protocol-include-central-bank-functions/ …
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Replying to @polemitis
2/3 Plenty of things are good stores of value w/o being good units of account (stocks, bonds, commodities, real estate, etc, etc)
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Replying to @polemitis
3/3 my base medium-term scenario for BTC: great medium of exchange, good / non-correlated / volatile store of value, poor unit of account
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Replying to @polemitis
@polemitis Agreed, although I think some smart entrepreneur might be able to create a collar-as-a-service for BTC. http://en.wikipedia.org/wiki/Collar_(finance) …1 reply 0 retweets 1 like -
Replying to @polemitis
@polemitis I'm a person in a country undergoing hyper-inflation, would I rather price in BTC or local currency?1 reply 0 retweets 1 like
@polemitis @dwr Yeah, USD and BTC aren't really competitors so long as the USD continues to be managed in a sane way (very likely).
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