Replying to Avatar Zaelus

It's different because of the core narrative of 1BTC=1BTC and "don't value your BTC in fiat". All I'm trying to do is think about what that can actually seriously mean from a logical perspective.

At some point if the current system dies, a new system must replace it, and 1BTC=1BTC is completely meaningless.
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Jeff Swann 1y ago

We can & will use fiat valuations as a jumping off point. People already offer discounts to people paying in Bitcoin, the real cost of dealing with fiat will continue to rise until people just refuse to accept fiat.

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Zaelus 1y ago

Thanks for your replies. I think your first sentence is the key answer to what I was wondering, and the realization I'm coming to reading all these replies. A lot of the hyping up and meming really does a huge disservice to the people who have a need to learn and understand the practical implications of things.

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Jeff Swann 1y ago

I think most of the memers are generally right in one way or another. Encouraging people not to worry about short term fiat valuations is important. Shifting from a fiat standard to a BTC standard requires realizing that getting more BTC is the goal, & if you haven't lost any BTC then you are winning.