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0 pointsim3w1l12y ago0 comments

Oops, yeah, I meant the other way around.

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There's no obvious reason why BTC velocity should go lower than USD velocity. If anything, its electronic nature and potential for fast settlement times should indicate a much higher velocity than USD M2.

im3w1lOP12y ago

>Note that sam's point about merchants immediately converting BTC back to USD serves to increase the money velocity (perhaps by >10x).

If this changed, it could at least get closer to the velocity of usd.

j / k navigate · click thread line to collapse

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tpeng12y ago

im3w1lOP12y ago

>Note that sam's point about merchants immediately converting BTC back to USD serves to increase the money velocity (perhaps by >10x).

If this changed, it could at least get closer to the velocity of usd.

j / k navigate · click thread line to collapse