Bitcoin As a Unit of Account

Obstacles and opportunities along the way

Photo by Charles Deluvio on Unsplash

Money has 3 main functions: store of value, medium of exchange, and unit of account.

Bitcoin has excelled at the first, it’s gradually becoming the second, but it’s not quite managed yet to become a unit of account.

A unit of account in economics is basically a way to measure value for goods and services in a reliable…

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Bitcoin is a revolution and this is what scares most people off. We don't like change, we don´t like learning, we don´t like challenges but they are unavoidable. Technology is an unstoppable force that will change your life whether you want it or not. Ignore it at your own peril.

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Alberto Guerrero

Alberto Guerrero

Author of ´Bitcoin For Mere Mortals´ available @Amazon. Subscribe and drop me a line and I’ll send you a copy for free, no strings attached.

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