I have been thinking of bitcoin as a medium of exchange and unit of account this winter.
I have now come to the conclusion that one of the biggest hurdles for bitcoin adoption is fiat pricing, and a...
I appreciate the effort but also cannot imagine ignoring fiat prices as of now given that the Bitcoin economy is a tiny little dot in a dollar universe.
What if I told you that I'm selling my used car for 15M sats, but then you went out to check what fiat prices generally are for that specific type of car, given mileage and conditions, and came back me complaining that my used car is too expensive? I think it might work for goods and services which are a bit less easily comparable in their categories, so maybe it'll work for your knives!
What if I told you that I'm selling my used car for 15M sats, but then you went out to check what fiat prices generally are for that specific type of car, given mileage and conditions, and came back me complaining that my used car is too expensive? I think it might work for goods and services which are a bit less easily comparable in their categories, so maybe it'll work for your knives!
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