I recently sold a guitar for coin. We agreed on the price, in sats, a couple days before we met up. There was no back and forth trying to triangulate the BTC:USD rate at the exact moment we made the trade 🤷‍♂️

Yeah the dollar value of the guitar was traded for the dollar value of the sats.

I think the point is that we all still think and measure in dollars and it is incredibly challenging to create a world where btc is the actual independent unit of account.

the point is we are still measuring the relative amount of US dollars chasing different assets. we do not magically get to a hard money standard by dividing two fiat prices. when the underlying UoA is fiat, we inherit those fiat distortions. the moral of the story is "accurate pricing is impossible on a fiat unit of account" this needs be taken into consideration by bitcoiners. i know it LOOKS like semantics, its not. its a fundamental distortion in prices that is invisible to most. a fish doesn't know the water etc... i appreciate your point about the less liquid markets. those probably have more accurate pricing. i think this is important point because it demonstrates exactly HOW challenging it is to break out of fiat evaluations and to truly use Bitcoin in a sovereign way. ie, small communities, pricing their needs *directly in Bitcoin* without any relation to fiat UoA insanity.

But the usd value is completely canceled out in the equation.

this is waxwing illustrating my point beautifully. its ridiculous to believe you somehow get rid of the UoA *by dividing two prices denominated in that unit of account* the result is *proportional USD value*. the USD doesn't magically disappear because THATS WHAT YOU MEASURED WITH. there's an argument to be made that the proportion would work out the same, no matter what UoA the market was using to denominate prices. but that doesn't hold water IMO. if we had any isolated markets that were denominating freely in something like gold or silver (free of USD market influence), i dont think the valuation of commodities would work out AT ALL like the USD denominated markets do. what we use as the underlying unit of account *distorts pricing* and don't even get me started about "are USD consistent across different markets and at different points in time" because they're not. your "lets see where there charts are next year" means little. what you will be measuring with will be a *different "USD" this must be deeply appreciated.