Jay Chang

…demand for money are inversely related, as velocity is a byproduct of how a currency is being used. If velocity is very low, then one would deduce that most participants have a bias to hold on to their money. Conversely, if velocity is very high, then one would assume that most participants would rather spend their money than hold it.

Among fiat currencies, the Venezuelan bolivar has very high velocity because Venezuelan citizens …

I maintain that there are some excellent reasons for decentralizing money. The primary functions of currency are value store and value transfer. If a cryptocurrency can serve these functions better than fiat, then it is a superior form of money…

…인프라이기 때문이다. 일본에서 압도적인 점유율의 메시지 앱의 대체가 되는 서비스는 없다. 자신이 LINE 안한다고 해서 지인들이 다른서비스를 사용해 준다고 할 수 없기 때문이다. LINE은 남녀 노소가 사용하는 철도회사, 전력회사, 수도국과 같이 인프라로서의 자각을 가져야 한다.