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100 sats \ 1 reply \ @JakobAbf 29 Aug 2022 \ on: Lyn Alden AMA bitcoin
Hi Lyn, I am a big fan of your work.
My question is the following:
If a nation would adopt Bitcoin or a Bitcoin-backed currency as its prime money, how would the price formation of goods and services work? In my mind it would mostly depend on how much Bitcoin or currency is circulating inside that economy, Bitcoins foreign exchange rate would only matter secondarily. What's your view?
GENESIS