The measuring stick isn’t broken.
Bitcoin is underperforming big time over the last 4.2 years.
Avoiding the USD value conversation is head in the sand copium talk 101.
Riddle me this:
In Bitcoin only circular economies where sats is the standard the price of goods and services fluctuate by the minute why?
1700 sats for a taco one day… 1900 the next…
Why?
Because even in Bitcoin only circular economies the sats price moves in LOCKSTEP with the underlying fiat denomination.
There is no escaping it.
Avoiding this fact is not helpful and merely perpetuates the fantasy that the USD price has nothing to do with Bitcoin.
Bitcoin is underperforming big time over the last 4.2 years.
Avoiding the USD value conversation is head in the sand copium talk 101.
Riddle me this:
In Bitcoin only circular economies where sats is the standard the price of goods and services fluctuate by the minute why?
1700 sats for a taco one day… 1900 the next…
Why?
Because even in Bitcoin only circular economies the sats price moves in LOCKSTEP with the underlying fiat denomination.
There is no escaping it.
Avoiding this fact is not helpful and merely perpetuates the fantasy that the USD price has nothing to do with Bitcoin.