Any tips on how to measure the world in bitcoin vs NGU dollar metric? How can I for example look at a carton of milk and say that’s 100 sats, when the only way (currently) is to find the price of the milk in dollars and do the conversion?
People give the example of a house getting cheaper in sats, but they’re only figuring that out by looking at the house’s current dollar value and then at bitcoins’ and saying that’s x sats now.
Seems like the only way to “see” any of this is by doing the conversion of dollars (or euros) etc.
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It’s measured in productive time. How many years labor? Or oz gold? Or certain type of house. But ultimately it is a measure of productivity stored in bitcoin.
(GDP + historical capital asset value) / 21M bitcoin