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Replying to Avatar Guy Swann

I’m sorry but you may have misunderstood how money works. We won’t have to have some “plan” to value #Bitcoin when it’s the dominant money. It will be how we price everything else. That’s exactly how money works.

The reason nobody talks about it is because it doesn’t make sense and it’s not a discussion that ever has to happen. How many times have you had to stress about “how to determine what a dollar is worth?” You just don’t. The market determines it through literally billions of transactions and exchanges. It’s the money printing that throws chaos and noise into that equation. Without that problem #Bitcoin will be vastly better and it will never be anything that one has to think about. nostr:note1m3l02y92w4eeww6pm8mhjj66zpkwqwsm2jadrp8l0zdhtd456ensqgn0v0

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xtogro 1y ago

EM gave a quite good definition of money on lex podcast a few years ago: “… think of money as information. it’s just an entry in a database for resource allocation - a ratio of exchange”

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