Damus
Open in Damus
Hanshan · 73w
This is a great question and actually opens up a whole rabbit hole. The TLDR is as long as the USD is the UoA, accurate pricing is impossible.
 4 profile picture
4 @vangeli0n
It’s really interesting because if Bitcoin is meant for being against the system, I can’t stand when the people with fiat-mindset buy in for “number go up” type of thinking just so they can sell something that is scarce for something that can be printed and backed by nothing. I guess it’s why the entire financial system would have to change for the 1 BTC = 60k USD to be meaningless
Hanshan · 73w
I think that's exactly right. On one hand, they want to argue that fiat is a worthless arbitrary measurement system. But on the other hand, they want to argue that somehow the equivalent fiat value increasing means something important. Something-something Trojan horse. When in fact ot is just an in...