Damus
Deleted Account · 3w
Again, you are saying the quiet part out loud. “I see Bitcoin as a vehicle not necessarily to get rich, but as something you can work for without having your time and energy evaporate.” Word fo...
joeleao073 profile picture
NGU is just an intermediate step.
In a Bitcoin-only circular economy, where people earn and spend in sats, price discovery would happen naturally. There’s no need to reference USD for that, is there?
The best part is that there wouldn’t even be a need to “beat inflation,” because inflation wouldn’t exist in that system.
As I’ve said before, the ultimate end goal for Bitcoin is a fully circular Bitcoin economy where the USD, euro, or whatever fiat currency you prefer becomes irrelevant.
1
Deleted Account · 3w
And we ain’t there so continue to avoid using the worlds current measuring stick at your peril. Inside Bitcoin circular economies the price of goods and services fluctuate by the second. Because the sats price moves in lockstep with the underlying fiat denominated price. This is current truth. T...