If we aren’t talking about market value, then talking about value in a measurable way is not realistic.
At that point we’re just comparing two persons warm fuzzy feelings.
I’m glad you like Monero. Fewer people like it than Bitcoin.
May it provide you intangible value and happiness
The point is that
under a fiat UoA, pricing is broken.
maybe not always
and not all the time
but it often is.
and it's intellectually inconsistent for Bitcoiners to spend all day talking about fiat being broken,
and then use fiat measurements as evidence for their conclusions.
people can do what they want of course,
im just saying its stupid.
Purchasing power does matter. It just happens to generally be denominated in USD. But I suspect if we measured in pounds of beef, eggs, or some other common necessity in life instead of dollars, the results would be similar.
Idk man, the guy already said that “cantillionaires aping in” doesn’t make it more valuable. He’s arguing about how much value he feels it should have, not anything measurable, and that the market value or purchasing power is merely a result of fiat manipulation. Whatever you say bro
sure maybe.
the whole point is without a hard money UoA pricing is (often) broken.
