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Thought I was helping you improve your argument, since I think it's one of your weakest.

We're talking about money. Money is for purchasing goods and services now or in the future. If you can't find any examples where xmr gets me more of a thing relative to btc (usd equivalent) now or in future, then what is your point? Privacy? Spell it out, or give concrete example of a thing. Otherwise it just seems like you're arguing against basic math.

I think that's the thinking of people you go in circles with on this.

Hanshan 1mo ago

Maxis (for lack of a better term) literally think they can get away from USD by dividing two US dollar prices.

They *fundamentally misunderstand* the role of UoA and it's importance.

this rant of mine demonstrates, despite their best efforts and best intentions, they are NOT going to get away from fiat so easily.

the US dollar baseline is so ingrained that I can literally spell it out (XMR/USD÷BTC/USD) and people will refuse to see it because "they don't touch fiat" and I'm a "fiat maxi" for pointing it out.

they don't understand that *as long as the price of BTC is denominated in fiat* there is no Bitcoin standard possible.

We are always comparing based on the UoA.

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Discussion

2Pac 1mo ago

He is right. As long as your bills are denominated it dollars he is correct, even when you buy something with bitcoin it is still priced in fiat then converted to btc based on current market prices. So the item your buying will fluctuate in sats based on market price. No one is pricing things directly in sats and keeping the price in sats fixed. Ie coffee for 10,000 sats and price stays the same 10,000 sats all year.

2Pac 1mo ago

Bitcoin has better NGU over long term Monero has had better NGU over short term ie last year.

So depending when you bought your sats is the determining factor of which preserved your purchasing power better.

And even holding dollars this year has preserved your purchasing power better. It is what it is.

Hanshan 1mo ago

its not even really the point though.

not mine anyway 😅

this chart is a map of relative *fiat speculation*

Dont use it to virtue signal about your hardcore maximalism, you're playing yourself.

2Pac 1mo ago

It is fiat speculation which is the only thing that gives it relative value to spend on products or services, that is true of Bitcoin and Monero. Haha I’m suprised to be called a maximalist since I am not lol

Hanshan 1mo ago

nono I didn't mean you bro

just ranting

pookiebear 1mo ago

Bisq prices xmr directly in btc so what's the deal? At least on there the valuations come from supply and demand, not fiat pricing.

Hanshan 1mo ago

finally someone brought up Bisq!

but you're only sorta right I think.

it maaaybe could be direct pricing,

but an island in the middle of fiat ends up being de facto fiat denominated.

because any deviation is an arbitrage opportunity. so people jump in to take advantage and drive the price back towards regular XMR/USD.

minus the friction of doing it, which is why theres some deviation.

pookiebear 1mo ago

yea arbitrage ruins it a lil, but mass delistings gives me hope