Oddbean new post about | logout
 I totally agree

just saying that
until then
its not changing the UoA 
 It is changing the unit of account between you and the business, but it is not changing the unit of account between the business and the supplier. You as an individual, though, get to denominate prices in Monero and save in Monero if you wish. 
 UoA IS NOT the medium of exchange between two parties.

UoA IS the base currency prices are denominated in.

people are consistently confusing those two things
and the difference matters.

It's a step in the right direction for people to use a different Medium of Exchange,
but it does not effect the underlying unit of account.

People can transact in bales of cotton or barrels of oil
But as long as the *amount of cotton or the *amount of oil is decided by the USD equivalent value of those things,
then the unit of account is still USD. 
 damn. true