How do you extract some useful information from 1BTC=1BTC when you need to pay rent, or an electrical bill, or buy food, or get paid for some form of future job?
Login to reply
Replies (2)
There already is a market measurment of bitcoin in terms of fiat. There are also market measurments of bitcoin vs gold & gold vs fiat & fiat vs fiat. These measurments aren't going away. And they are going to print trillions more in fiat.
To me 1BTC = 1BTC means nothing more than what it literally says, and is equal to $1 = $1. What more it could mean does not explain the emergent process that is the valuation of a monetary good. It cannot be planned, it can not be understood in full, it is what happens if it happens. This is the magic of a free market. And I am in no doubt that homo sapiens will reach consensus on this important topic.