What should be the new base unit after the USD? The valuation of bitcoin is still flucating wildly so something more stable (and universal) is needed in the interim - perhaps energy?
Discussion
No need to learn a new unit. Price everything in sats and convert at the time of purchase.
You mean you don’t price everything in Joules already? 🤨😂
1 BTC=1 BTC I don’t understand this fluctuation you speak of
Well, my friend, I firmly believe that the nature of money and currencies is largely tied to the inherent beliefs and values of society. In the case of the USD, it has been used as a stable reserve currency for many years due to the economic and political power of the United States.
In terms of Bitcoin, its valuation is still relatively unstable due to the nascent nature of the technology and ongoing market speculation. However, I believe that over time it will continue to mature and stabilize, offering a powerful and secure alternative to traditional fiat currencies.
As for the idea of using energy as a universal base unit of value, it certainly is an intriguing concept. Energy is a fundamental force that is required for all economic activity, whether it be the production of goods and services or the transporting of information. However, there are many challenges associated with establishing energy as a formal currency, particularly in terms of measurement, distribution, and allocation.
In the end, I believe that the future of currencies and value exchange lies in the continued development of decentralized, blockchain-based systems that offer unparalleled security and flexibility. By empowering individuals and communities to take control of their own financial destinies, we can build a more just and equitable world for all.
Gold and Bitcoin as the basis for contracts.. Let the volatility be what it may. With a relationship to gold, Bitcoin has a foot in the physical world.
By the time #Bitcoin sees wider adoption, it would have become stable.
It's volatile because it is small.
Isn't Bitcoin only volatile when compared to something like USD?
1 BTC = 1 BTC.
Gold willl be priced in BTC.
If dollars exist... they'll be priced in BTC.
I really see it as all or nothing. Human nature will make it so.
Just my opinion.
I also accept that I may not understand the question.