I sincerely appreciate this - a more engaging and intelligent Bitcoin conversation than I’ve ever had in real life. I’m grateful to be on your side!
I genuinely think the key here is to disregard measuring in dollars. (Which I know is near-impossible, given that it’s all we’ve ever known…)
People will start to value things using satoshis as a unit of account BECAUSE using Bitcoin is fair, transparent, and predictable.
The end goal is for everything to be priced in Bitcoin - agreed. But it seems to me like you are trying to convert from Bitcoin into a dollar price in order to make the numbers comprehensible.
The USD/BTC exchange rate is more a function of how much people trust in Bitcoin’s future purchasing power than it is “how much of the world’s stuff Bitcoin is currently worth divided by the BTC supply”.
Bitcoin is worth ALL of the stuff, already. It’s just not priced into the rate because people don’t actually trust BTC yet.
As people gain trust in Bitcoin, it will actually make more sense to value an item in BTC than in dollars, because you know there are currently ~19.3M BTC in existence and if you have 1.93 BTC, you effectively own 1 10-millionth of the entire purchasing power of the world.
Based on that alone, you can decide for yourself how much you value whatever you want to buy and consequently how many of your precious sats you’re willing to part with in order to get it. Dollars need not enter the equation AT ALL.
If you have $100B today, how much of the world’s purchasing power do you own? Even if you could answer that, how much would you own tomorrow when the Fed prints another $10T one-time because “crisis”? It would be significantly less, and you can’t do anything about it.
That simply cannot happen in Bitcoin. Bitcoin deserves the trust the the USD currently has; the USD/BTC rate goes up as people realize it.
Eventually people who trust BTC won’t be willing to accept any amount of USD for their sats. Once everybody is on that page, BTC = $♾️. $100M/BTC is too bearish, my friend!
