Re:Bitcoin Fall Extends to 25% as Fears of Crackdown Linger
by FabHK on Sunday January 21, 2018 @03:19PM
(#16199763)
The quantity theory of money is concerned with one currency at a time.
The trick in your paragraph above is that you introduced “$1 trillion dollar”. Of course, if you say that the sum of all transactions (in BTC) has a certain USD value, then you’ve brought the exchange rate in (through the back door).
The trick in your paragraph above is that you introduced “$1 trillion dollar”. Of course, if you say that the sum of all transactions (in BTC) has a certain USD value, then you’ve brought the exchange rate in (through the back door).