By Larry Chiang
Treasure comes in three formats
– Unit Of Account
– Method Of Exchange
– Store Of Value.
The U.S. dollar is the global unit of account, yet it is quickly losing all accountability and credibility.
–Cameron Winklevoss (@winklevoss)
Fiat and paper currency gets printed and over printed
–Cameron Winklevoss (@winklevoss)
Fiat and paper currency gets printed and over printed
Museums of dead money where the currency went to zero
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Cameron Winklevoss (@winklevoss) |
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The U.S. dollar is the global unit of account, yet it is quickly losing all accountability and credibility. An alternative benchmark with a fixed and deterministic supply is necessary. Yes, I’m talking about Bitcoin.
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