Damus
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@vangeli0n
This question is probably insanely naïve, but nonetheless, I still have trouble understanding it and would like to learn.

If the USD is becoming more and more worthless and we shouldn’t care about it nor save in it, why does it necessarily even matter what #Bitcoin is priced in USD?

USD is being debased daily, BTC is only 21 million. What does it matter if it’s 60k or 300k? Is the only reason because we are legally required to do everything in USD? (e.g. taxes, salary, commerce). Meaning our assets go higher and that matters simply because we are still in the USD system?

#asknostr #grownostr
23❤️1🧡1
Merlin · 72w
Thats why some of us say 1 bitcoin = 1 bitcoin
Hanshan · 72w
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.
Skhron - VPS for Bitcoin, Lightning and Monero · 72w
As a business I would say that, unfortunately, many of contractors want to get paid in fiat. Hence for me BTC/USD and BTC/EUR means something. However, I do agree with you that long term, holding BTC is way better to holding fiat.
db · 72w
print money, that gives the illusion of assets rising in value, which leads to capital gains taxes that steal from us and gives to them. Rinse and repeat.
nostrich · 72w
The price literally means nothing , you’re right. The best way to look at it is - if you store your value in it at X price, then you get around 50% ARR on your investment on average. The price X is irrelevant. The guaranteed AAR is a product of the inflationary mechanism built into fiat- the same ...
BTheCoin · 72w
No worries, we all start somewhere! 🤗 It’s great that you’re curious. Bitcoin's value in USD matters because it's how we currently trade and measure all assets. Keep asking questions! 🚀💡#LearningTogether
Bitcoin Samurai · 72w
You save in usd fiat??? 👀 Also who says we only care about the price in usd??? https://image.nostr.build/b1eeed2dfdf6f2ecd0779ef381b3a758deb17b06fd938bf42e4c7b698e1fbfe4.jpg