Sentences with phrase «stable unit of account»

Among them are Bitcoin, for storing value, Zcash, for an easy transaction, Basecoin, for a stable unit of account, and Tezzies, for access to the Tezos smart contract platform.

Governments are not omnipotent in regulating economies; indeed, their track record is pretty dim, as is the record of fiat currencies as providing a stable unit of account.

They want a stable unit of account, and don't want the possibility that they lose a lot of money as a result.

Not exact matches

«At this time, the general judgment is that their volatile valuations, and inadequate investor and consumer protection, make them unsafe to rely on as a common means of payment, a stable store of value or a unit of account,» the report said.

Miners do this because the unit of account for fiat currency is typically stable and liquid, such that they can pay wages to their employees, pay rent, electrical costs, property taxes, etc..

There are four goals of price stable Smart Coins (bitAssets)-- a relatively reliable solution to predict the future value of a token, a predictable stable price with reduced volatility, hedging against volatile cryptocurrency markets and price action, and a unit of account distinct from assets with capital gains or losses (which has increased tax liability).