This is your bull market reminder

that you are *NOT* living on a Bitcoin Standard.

As long as prices are denominated in US dollars

the USD is your unit of account.

you can break your brain dividing the price of a everything by 89k to find sat equivalent price

and the USD is STILL your uoa.

its a good thing to. kinda cute and a step in the right direction.

but its got fuck all to do with changing the Unit of Account.

i can sell weed for propane

and not touch USD at all,

but as long as the quantity of weed

exchanged for the quantity of propane

is decided by the relative USD value of those things,

the USD is the Unit of Account.

That doesnt change until communities start pricing goods and services *directly* in their preferred currency.

ie without regard for the supposed fiat "value"

UoA definitely does NOT change because you do division.

It should be self evident and obvious to every Bitcoiner,

that dividing the fiat price of goods or services

by the fiat price of Bitcoin,

is a *fiat measurement*.

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How much will 20lb of propane get me?

If you're delivering,

quite a lot in this market 🤣

Some people talk in the language of the world they see coming then they immediately have to dumb it down to contemporary understanding.

And some otherwise intelligent people fail to understand unit of account

get pissed off and defensive when you tell them that they can't just do division and change it

looking at you

nostr:npub1utx00neqgqln72j22kej3ux7803c2k986henvvha4thuwfkper4s7r50e8

nostr:npub1vyrx2prp0mne8pczrcvv38ahn5wahsl8hlceeu3f3aqyvmu8zh5s7kfy55

nostr:npub1rzg96zjavgatsx5ch2vvtq4atatly5rvdwqgjp0utxw45zeznvyqfdkxve

1 sat = 1 sat.

Bang on.

Which is great and all

but how do you establish prices?

The thesis is the market would likely handle that over time. As in things would be priced in sats.

it will take legit bravery and not just math to get to a Bitcoin standard.

for real

meanwhile these clowns think when they divide fiat prices by the fiat value of Bitcoin they magically arrive at hard money