Replying to Avatar Hanshan

The USD Denominates Everything

---------------

Because apparently it needs to be said,

the only reason you can make the conversion BTC->XMR

or to whatever

is because you have an underlying UoA denomination to compare them with.

its the US dollar.

it denominates everything.

you are comparing

two USD denominated prices.

the price of one thing.

as measured in USD.

against.

the price of another thing.

as measured in USD.

A comparison of the relative FIAT value of two things,

that is what a price graph is.

As long as the UoA is the US dollar.
Avatar
Hanshan 1y ago

What does it mean to be "100% off the USD" if you have to interact with it?

nostr:nevent1qqsx94969d6yqlu0ngrkp7c2qcd5mmkxpk89y3wnmnf9nwyv72spn0gpr4mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmp0qgs0npwnpyvheqz7zuvuwvv9k460c0hyqlturds40hhfn34vufvehwcrqsqqqqqpezkzts

Reply to this note

Please Login to reply.

Discussion

Avatar
BlessedBovine 1y ago

I understand your point. I suppose the goal would be to have a $0.00 cash position. With 100% of my liquid economic power in Bitcoin.

I understand the USD is not going anywhere anytime soon. The best I can do is minimize my part in fiat economic system by operating with as much of my economic power within Bitcoin as possible.