No. Soon you will be saying that cost 500 sats or that cost 10,454 sats and the valuation on the other side isnt gonna matter because bitcoin itself is the money

So you are saying #bitcoin should just be a means to peg currencies to it ! Like digital gold ..not a unit of exchange ! Right ?

Currency should not be based on anything. The problem with btc becoming currency is authority. The current system of currency works on authority , thats how money works not to my liking. To be the digital gold btc has authority, idk exactly where that came from. I mean btc is safest bet to invest in even if it is taken as investment tool. Why? I do not know but i like that, thats how a currency should function. Untill that authority or trust over btc is not lost it will not be a shit coin. If you are worried i will assure you that i shall value btc its authority and will have trust over it till i die. You can zap me i will keep it as a factor in this trust🫢

Maybe I mixed up my definition of currency v/s asset . I thought - Asset is based on proof of work - no trust - eg #bitcoin or #gold . - Currency is based on Trust in a nation state. Backed by economy or muscle power eg USD . Assets are taxed when they are converted into currencies - capital gains. Currencies are taxed when they are converted into assets - use tax or sales tax.