Replying to Avatar BoomTown

Purchase by power of bitcoin still needs to increase over time. Time afforded per bitcoin is the right measure…and that measure will vary from person to person.

But NGU (time afforded/bitcoin) has to keep going up and still needs to go up exponentially at this level of adoption.

It might be easy for those who have already experienced the NGU windfall to discount the importance of NGU but I can assure you that for those of us yet to experience a bull market windfall, it is still incredibly important.
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satoshi jr 11mo ago

I think you’ve missed his point.

The purchasing power going up is measuring the world in bitcoin

Ngu is measuring the world in dollars

One leads to abundance the other to control.

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BoomTown 11mo ago

I think you’ve missed my point. I explicitly state NGU is measured as time stored per bitcoin. That metric is purchasing power and has nothing to do with dollars or any other fiat measure. It has to do with how much productivity is stored per bitcoin. That has to go up, forever AND - at this stage - it has to go up quite a lot to compensate for the risks taken.

8e
_sat_isfied 11mo ago

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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satoshi jr 11mo ago

Yeah I do the conversion too I think the insight is to see the bitcoin as the measuring stick that doesn't change

Fundamentally its all relative and prices are just ratios of how much of 1 good is in terms of another like a car is 1/10th of a house. The dollar is just a easier way to do that calculation

Bitcoin is being able to do that calcution without the distortions from money printing

I think its most useful and or obvious for pricing things across time.

That ratio of car to home in 20 years in USD terms might be 1/20because houses capture more of the monetary premium. Essentially distorting the price of the house from its utility value

In bitcoin if the ratio changes you know its from changes in the supply demand dynamics of houses vs cars

If that makes sense

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BoomTown 11mo ago

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

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satoshi jr 11mo ago

Yes your use of ngunwad weird and itnconfused me

Being so eager for exponential gains might be a sign you don't fully see that there is no other system that captures the productivity. The risks are the lowest its ever been. This is a safe heaven asset.