#unitofaccount — Public Fediverse posts

A unit of account is one of the three primary functions of money. It is a standard numerical unit used to measure and compare the market value of goods, services, assets, and liabilities across an economy.

#UnitOfAccount #Economics #Finance

Honduran City of Prospera Adopts Bitcoin as Unit of Account - The city of Prospera in Honduras has recently adopted bitcoin as a unit of account... - https://news.bitcoin.com/honduran-city-of-prospera-adopts-bitcoin-as-unit-of-account/ #cryptocurrency #unitofaccount #bitcoin(btc) #honduras #prospera #crypto #news #zede

BRICS Discussing Single Unit of Account, Alternative to Dollar, Russian Finance Minister Says - The BRICS members are mulling over the possible launch of a common unit of account... - https://news.bitcoin.com/brics-discussing-single-unit-of-account-alternative-to-dollar-russian-finance-minister-says/ #summitsouthafrica #financeminister #commoncurrency #singlecurrency #unitofaccount #organization #u.s.dollar #currency #siluanov #finance #russian #dollar #russia #brics #group #bloc #euro

BRICS Discussing Single Unit of Account, Alternative to Dollar, Russian Finance Minister Says - The BRICS members are mulling over the possible launch of a common unit of account... - https://news.bitcoin.com/brics-discussing-single-unit-of-account-alternative-to-dollar-russian-finance-minister-says/ #summitsouthafrica #financeminister #commoncurrency #singlecurrency #unitofaccount #organization #u.s.dollar #currency #siluanov #finance #russian #dollar #russia #brics #group #bloc #euro

BRICS Discussing Single Unit of Account, Alternative to Dollar, Russian Finance Minister Says - The BRICS members are mulling over the possible launch of a common unit of account... - https://news.bitcoin.com/brics-discussing-single-unit-of-account-alternative-to-dollar-russian-finance-minister-says/ #summitsouthafrica #financeminister #commoncurrency #singlecurrency #unitofaccount #organization #u.s.dollar #currency #siluanov #finance #russian #dollar #russia #brics #group #bloc #euro

BRICS Discussing Single Unit of Account, Alternative to Dollar, Russian Finance Minister Says - The BRICS members are mulling over the possible launch of a common unit of account... - https://news.bitcoin.com/brics-discussing-single-unit-of-account-alternative-to-dollar-russian-finance-minister-says/ #summitsouthafrica #financeminister #commoncurrency #singlecurrency #unitofaccount #organization #u.s.dollar #currency #siluanov #finance #russian #dollar #russia #brics #group #bloc #euro

Do #anarchist #economies need a universal unit of account? Many socialist economy models suggest a universal unit of account: Some of them circulating money as in capitalism, others non-circulating tokens based on hours of work.

But do we want or need a universal unit of account at all? Do issues outweigh the benefits? I collected some arguments in
https://www.kialo.com/anarchist-economies-universal-unit-of-account-63128

Feel free to contribute.

#UnitOfAccount

Like Venezuela, Some Retailers in Argentina Are Now Pricing Items in Dollars

https://news.bitcoin.com/like-venezuela-some-retailers-in-argentina-are-now-pricing-items-in-dollars/

#venezuelanbolivar #albertofernandez #Redenomination #ArgentinePeso #unitofaccount #Devaluation #Economics #Argentina #inflation #Venezuela #Prices

Like Venezuela, Some Retailers in Argentina Are Now Pricing Items in Dollars

https://news.bitcoin.com/like-venezuela-some-retailers-in-argentina-are-now-pricing-items-in-dollars/

#venezuelanbolivar #albertofernandez #Redenomination #ArgentinePeso #unitofaccount #Devaluation #Economics #Argentina #inflation #Venezuela #Prices

@alice
> Energy is something that should be spent carefully.

Obviously, tells the #corporateState and #warmongers that, please. Not Lil ol' bitcoin securing the best form of #currency and #unitOfAccount ever to grace the face of earth.
@FranckLeroy

@jwildeboer
All we see are #astroturfing #Westerners thowing stones in their glasshouse.

Suddenly #ElSalvador are evil and need #regimeChange because they are working out how to use a #UnitOfAccount that cannot be easily confiscated by US and UK.

Maybe the US/UK need to look in the mirror a bit because the world is moving on.

Pot called kettle black.

@FranckLeroy
For the record, we only heard about this news from #antiBitcoiners, lol.

#astroturf (noun) - a fake grassroots movement.

If #ElSalvador and its people, are starting to see the benefits of #BTC over a #UnitOfAccount like #gold, of which #Venezuela's gold was recently confiscated by the #UK and handed to an extreme rightWing opposition…

Then yes, that is only commonsense. What are you looking for #regimeChangeWars?

If you thought #ProofOfWork was bad, take a look at Proof-of-Stake.

Its 'complexity theatre'!

A proportionate amount of #energy to backup a global #UnitOfAccount is fine, and much preferred over unproven methods like #colonialism, #violence and ProofOfStake.

#NFTs #ETH #complexityTheatre #ElonDusk #DontLetTheSunGoDownOnYouOnYourWayOut