0 sats \ 2 replies \ @BitcoinErrorLog OP 7 Sep \ parent \ on: Bitkit Wallet AMA - John Carvalho, CEO of Synonym AMA
"measure of value" requires agreeing on a unit, hence "unit of account"
"Scalability" just means to make something bigger, so the question is "scaling what?"
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0 sats \ 1 reply \ @john_doe 7 Sep
Ah sorry, I was asking to @DiracDelta as I didn't get his answer. I guess your point was transactions on Bitcoin won't scale to all people on Earth, which made sense to me. And he seems to refute somewhat that. So I was wondering what he meant in more details.
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0 sats \ 0 replies \ @DiracDelta 9 Sep
Sure, I wrote a bit about it. https://heaviside.substack.com/p/the-forgotten-fourth-function-of
You can also look into Financially (USD) Settled Forward Contracts.
"Using" bitcoin as MOE for regulated long term contracts with a dollar unit of account is a total LARP.
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