Speed of exchange, when comparing a currency of increasing value against a currency of decreasing value, should not be confused as an indicator of utility. There are very good reasons no-one is using Bitcoin as a medium if exchange at the moment
Speed of exchange, when comparing a currency of increasing value against a currency of decreasing value, should not be confused as an indicator of utility. There are very good reasons no-one is using Bitcoin as a medium if exchange at the moment
A third party, watching you might conclude that VES is a preferable currency to the $US, as it appears more liquid. They might then conclude that the VES is a better medium of exchange and therefore more valuable.
Unfortunately they would be wrong.
A third party, watching you might conclude that VES is a preferable currency to the $US, as it appears more liquid. They might then conclude that the VES is a better medium of exchange and therefore more valuable.
Unfortunately they would be wrong.
You would probably spend the VES.
You would probably spend the VES.