If you measure in #Bitcoin, ALL prices will trend down forever.
The problem is that your measuring from a system of manipulation which effects everything else.
Abundance in money = scarcity everywhere else.
Scarcity in money = Abundance.
Discussion
nostr:note1ghnhf8vye8hjxshg4ca34s0q35u790w4ef509ztrgjlhuc7mgkzqnunjcm
💯Measuring Bitcoin in USD is silly in the short term is silly. Since the denominator, the USD, is completely manipulated. Although on an annual based they can’t hide the increase in purchasing power of Bitcoin. We ought to start pricing property, goods and services in Bitcoin, without going through a USD conversion. Bitcoin adoption is also best measured in wallets, transactions, hash etc.
This was actually a Q I posted the other day: Anyone have tips for thinking in SATS instead of Fiat? These conversions make my head hurt 😵💫 #bitcoin #nostr
That did no answer his question at all. He was asking why certain good already get cheaper on a constant basis and why other don't
Innovation and commoditization measured with a constant denominator (21 million) will result in an ever accelerating cycle of innovation and abundance. Because to compete with the existing the new has to be better. Which makes the existing cheaper, but the new, better can be priced higher. The difference will be that innovation and value are the only drivers of the economy. Not money printing and bailouts. While the existing gets cheaper we‘ll also get more time. To focus on: innovation, art, muse, architecture etc. it’ll be beautiful.
Stop larping lol. You have no clue what you are talking about, innovation has always been recognised as the main drivers of an economy. Read up on Schumpeter and Solow
Boeing, for example, would not exist in a Bitcoin economy. Subsidized and bailed out, we still fly in 1949s technology. Had we spent the trillions of dollars on actual ROI, who knows. We’d be flying in individual drones. Tesla is another example, pumped by VCs, subsidized by Wall Street. Battery technology is its Achilles heel. Bitcoin scarcity has fatal consequences for capital misallocation.
Subsidies are still possible on a btc standard. Funds for Public/private companies are needed to remove inefficiencies around IP rights, i.e. hesitation to invest without incentives (patents,subsidies ).
Few 🤙
Begging the question: with inevitable collapse of fiat in all nations states how will BTC be priced? All things priced in Satoshi's is fine in concept, but is there a standard against which it can be compared? Or is it that BTC is the standard and even things like gold will be priced in Satoshi's per gram?