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Countries like Poland could use the euro as a unit of account without even joining the union.
FORBES: May the Best Currency Win
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But Bitcoin is rarely, if ever, used as a unit of account.
FORBES: No, Bitcoins Aren't In Danger From "Hyperdeflation"
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The currency itself is meandering along, the way it is supposed to, without any particular issues, serving as a unit of account and means of payment.
FORBES: Magazine Article
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They are not using it as a medium of exchange, a unit of account, or a safe store of nominal value.
FORBES: World Bank Chief Riles Up Economists By Talking Gold Standard
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Deflation is harmful for conventional currencies because, in economist jargon, Bitcoins are a unit of account as well as a medium of exchange.
FORBES: No, Bitcoins Aren't In Danger From "Hyperdeflation"
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As the mechanism for a decentralized, nonpolitical unit of account, the Bitcoin project uniquely facilitates this protection.
FORBES: Bitcoin Prevents Monetary Tyranny
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As much as politicians and many economists embrace a floating unit of account, its impact on the economy is always negative.
FORBES: The Fed Cannot Create Economic Growth
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As both a payments platform and a nonpolitical unit of account, Bitcoin has already seen astonishing growth in just over three years.
FORBES: Bitcoin Foundation Launches To Drive Bitcoin's Advancement