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26 July 2021

A “Digital Dollar” Doesn’t Fix This

A “Digital Dollar” Doesn’t Fix This


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A “digital dollar'' is not all that different from a so-called “analog” dollar today, except the fact that it will probably include less privacy assurances, more censorship and more direct control over supply and monetary issuance.

dollar is a far inferior monetary asset than bitcoin, and pricing bitcoin in other denominations shows exactly this.

But what if instead of pricing bitcoin in dollars, you use the M2 money supply as a denomination

The problem with pricing any asset in dollars over the long run is that the actual value of a dollar is malleable due to the perpetual supply inflation

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