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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