Anita's avatar
Anita anita@anita.link 2 years ago
So monetary fiat inflation is mirrored in the price uptick of bitcoin and at the same time more demand for BTC and supply reduction will lead to higher price of bitcoin. Is that right? How do we actually measure the value of Bitcoin? I mean value as usefulness for people. It’s expressed through more demand, right? I think we need to have another conversation on my podcast 😉
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Lyn Alden's avatar
Lyn Alden lyn@primal.net 2 years ago
Bitcoin value can be measured against the current fiat system in terms of percentage (ie is it going from being worth 1% of broad money supply to 5%?), can be measured against gold, etc. And then more directly can be measured in terms of ecosystem. How does UX look compared to 3 years, 5 years, 10 years ago? How many bitcoin hubs do we have today compared to 3 years, 5 years, and 10 years ago? Like Bitcoin Beach, Bitcoin Jungle, Bitcoin Ekasi, a recurring Indonesian bitcoin conference, a recurring Ghana bitcoin conference, etc. Happy to come back on the podcast sometime. :)
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