Replying to Avatar Hanshan

"Value" is subjective and means different things to different people.

I'm NOT trying to make a case for a good way to measure it.

The best any of us can do is communicate WHY we find value in something.

I AM pointing out that fiat price is not a good way of measuring it in many cases.
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2Pac 11mo ago

Economic value is not subjective, it is measurable sure other values like cultural, personal, philosophical are subjective. If that’s what you are talking about but when talking about purchasing power it is pretty clear the discussion is about economic value. So we are talking about economic value, and you are talking about values as in what is important to you. Classic miscommunication.

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Hanshan 11mo ago

We can use the terms "economic value" and "purchasing power" interchangeably if you like.

The point I'm making is fundamentally about how that pricing happens on a fiat standard.

I'm not talking about ideals or personal values.

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2Pac 11mo ago

Let’s just put it in simple terms

If you buy equivalent USD value Bitcoin and Monero 5 year ago and hold the entire time until today.

You can buy a lot more shit with the bitcoin then the Monero.

Which one has more economic value?

A. Bitcoin

B. Monero

C. None of the Above

D. GFY

🤣

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Hanshan 11mo ago

as i said above

BTC clearly has more fiat denominated purchasing power.