Thread - Nostr Hypermedia

The value is relative to what you are trading it for, fiat is priced in BTC, not BTC priced in fiat and fiat needs to stop being used before that goes away, while people are using dollars they will naturally be worth a certain amount of sats just like how one xmr is worth a certain amount of sats

↑ Parent

Replies (2)

Hanshan hanshan@hanshan.io 3 months ago

you saying "fiat is priced in BTC" doesn't make it a reality and its your pet delusion until people are ACTUALLY setting prices in sats WITHOUT connection to their fiat valuation. nobody does that. therefore, Bitcoin is priced in US Dollars. cope harder.

1 replies ↓

Khanto Blackhand khanto@happytavern.co 3 months ago

That doesn't answer the question lol. Fiat has been around longer than BTC. Its worth is "Trust me bro" from a gov. Now using your logic, one BTC is worth 0.00001 XMR then. BTC is priced in XMR using the logic provided by you. See how that doesn't make sense claiming fiat is priced in Bitcoin. I live off of purely Bitcoin and even I know that's not how Bitcoins value works. 😂