Re:Cambridge Bitcoin Electricity Consumption Index
by chii on Thursday February 11, 2021 @01:21AM
(#26098812)
if you had 1 amazon share (worth $3286 right now), and $3286 in USD cash, and you wish to buy a $3286 computer, would you rather sell the share to obtain the cash, or transact using your existing USD?
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Re:Cambridge Bitcoin Electricity Consumption Index
by stale2002 on Thursday February 11, 2021 @04:35AM
(#26099767)
I would have no preference.
It's the same thing.
The only difference maybe, is regarding friction. IE, maybe it is a bit more difficult to immediately sell the Amazon stock at a store.
But transaction friction is different than the deflation argument.