Bitpower's avatar
Bitpower 1 year ago
How is this different for you than pricing other free market goods or for example public traded stocks. Does it matter what the unit of account is? Shells, gold, fiat money or bitcoin? We have had many systems for measuring distance, weight and value. Bitcoin is nothing more than the evolution of money.

Replies (2)

Zaelus's avatar
Zaelus 1 year ago
It's different because of the core narrative of 1BTC=1BTC and "don't value your BTC in fiat". All I'm trying to do is think about what that can actually seriously mean from a logical perspective. At some point if the current system dies, a new system must replace it, and 1BTC=1BTC is completely meaningless.
Jeff Swann's avatar
Jeff Swann 1 year ago
We can & will use fiat valuations as a jumping off point. People already offer discounts to people paying in Bitcoin, the real cost of dealing with fiat will continue to rise until people just refuse to accept fiat.