Damus
Deleted Account · 3w
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...
joeleao073 profile picture
I’m not avoiding the USD conversation. I’m pointing out that switching monetary standards takes time, and that time is measured by adoption.
A unit of account does not emerge overnight. Until there is real critical mass, prices will keep referencing the old system and volatility is unavoidable.
Even Bitcoin-only circular economies still track fiat because fiat remains the dominant unit of account today. That is a symptom of an incomplete transition, not proof that Bitcoin is broken as money.
Bitcoin being better money does not mean it wins automatically. Decoupling only happens once people understand why fiat is structurally flawed and choose to move away from it, not while pretending the transition is already finished. That is why educating people about money is so important.
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Deleted Account · 3w
Yes we all know that Bitcoin becoming the unit of account will take time. And we all know it’s not the unit of account. We all know that the USD is the current unit of account. That’s why it’s critically important to continue measuring Bitcoins performance in USD. Bitcoin is not broken....