no i'm listening and i agreed to play by your rules, let's call it "exchange ratio" and agree that it's gonna be store of value -> medium of exchange -> unit of account.
it's you who is not listening to my question. i think you and every American driver out there should really ask yourself: "between two hard monies that are both cannot be inflated, do i want to use the hard money that takes 4200 units to fully fill up my truck, or the hard money that takes only 180 units to do the same job? in other words, do i want to use the hard money that takes 700 units to fill up 10 gallons of gas, or the hard money that takes only 30 units to do the same job?"
the medium of exchange you choose will dictate how many minutes yourself and future generations have to spend at the counter to be able to buy stuff and calculate the numbers in your accounting books. it adds up over time.
why do countries with inflated currencies tend to stay poor? i think partly it's because people are tired from doing maths and lack the energy to do more important stuff. many businesses in those countries simply ignore the accounting book because it's gonna be a bunch of extra zeroes for every item that they have to write/read/communicate. without a proper accounting book, those businesses tend to stay small and local and live day by day without thinking / planning for the long term.
we're in the business of designing and adopting hard money, something that's gonna replace both gold which ruled for 5000 years and the dollar which ruled for 100 years. remember 95% of world's population still don't really use bitcoin. if you want to replace traditional monies that were there for hundreds and thousands of years, your alternative money gotta be really damn good. 700 units vs 30 units is a big difference. if you choose a money that requires American people to count, communicate, and calculate 700 units every time they have to buy 10 gallons of gas (a basic item), they will very likely prefer to continue using the dollar. because why would they choose to use a currency that looks somewhat similar to inflated vietnamese dongs? and if they don't want to use your money as medium of exchange, it will never become a unit of account.
no i'm listening and i agreed to play by your rules, let's call it "exchange ratio" and agree that it's gonna be store of value -> medium of exchange -> unit of account.
it's you who is not listening to my question. i think you and every American driver out there should really ask yourself: "between two hard monies that are both cannot be inflated, do i want to use the hard money that takes 4200 units to fully fill up my truck, or the hard money that takes only 180 units to do the same job? in other words, do i want to use the hard money that takes 700 units to fill up 10 gallons of gas, or the hard money that takes only 30 units to do the same job?"
the medium of exchange you choose will dictate how many minutes yourself and future generations have to spend at the counter to be able to buy stuff and calculate the numbers in your accounting books. it adds up over time.
why do countries with inflated currencies tend to stay poor? i think partly it's because people are tired from doing maths and lack the energy to do more important stuff. many businesses in those countries simply ignore the accounting book because it's gonna be a bunch of extra zeroes for every item that they have to write/read/communicate. without a proper accounting book, those businesses tend to stay small and local and live day by day without thinking / planning for the long term.
we're in the business of designing and adopting hard money, something that's gonna replace both gold which ruled for 5000 years and the dollar which ruled for 100 years. remember 95% of world's population still don't really use bitcoin. if you want to replace traditional monies that were there for hundreds and thousands of years, your alternative money gotta be really damn good. 700 units vs 30 units is a big difference. if you choose a money that requires American people to count, communicate, and calculate 700 units every time they have to buy 10 gallons of gas (a basic item), they will very likely prefer to continue using the dollar. because why would they choose to use a currency that looks somewhat similar to inflated vietnamese dongs? and if they don't want to use your money as medium of exchange, it will never become a unit of account.