Zaelus's avatar
Zaelus 1 year ago
I think you are misguided in assuming all other things will be measured against BTC. That's purely impossible and completely discounts all of history. We aren't primitive people who just started bartering and realized we needed a currency. We are transitioning gradually from an extremely complex, corrupt, mismanaged system with hundreds upon hundreds of years of precedent. So as some of the other people replying have already helped me realize: we will be using our current system as a jumping off point for valuation of BTC as we transition toward a different future.

Replies (2)

You can value anything in anything. You can value cars in bananas if you'd like, and I'm sure some people will try that for as long as we have freedom. But money is a network good and its not useful or practical to value things in a worse money that less people use. Bitcoin is the best money and once most people use it, it will be the standard for value. And then once everyone else sees how much their other shit is losing value against Bitcoin, we will have a true Bitcoin standard.
Jeff Swann's avatar
Jeff Swann 1 year ago
All things will eventually be measured against bitcoin & dollars at the same time, with dollar valuations of bitcoin helping now & as we continue on the path to this future. But then the dollar valuation will eventually matter less & less, & the bitcoin price of things will eventually be all that matters.