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Replying to Avatar Lady Mae - Growth Teacher

genuine question #nostr and #btc tribe:

how do you measure the "value" of bitcoin?

hear me out and kindly indulge my curiosity.

Rn, I keep seeing people thread after thread about bitcoin price.

Which is seen in fiat value.

On the other hand, I see people on here say fiat is losing value.

Does this mean if fiat losing its value, how do we know the value of bitcoin which is now being "measured" in fiat?

Measured I mean for 1 btc = £68,581 as of this writing. ☺️ (Price up and price down) 🤔

Or am I missing something?

Thoughts? #asknostr #plebchain

df
Mad Philosopher 1mo ago

I, like others, have inverted the question for myself. My dashboard shows me that $1 of snow pesos (Canadian currency) is worth about 786 sats. That number will go down as more snow pesos get created and the currency diluted.

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