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im3w1l
on Dec 1, 2013
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Thoughts on Bitcoin
Oops, yeah, I meant the other way around.
tpeng
on Dec 1, 2013
[–]
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.
im3w1l
on Dec 2, 2013
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>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.
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