How?
How do you price Bitcoin on a fiat UoA without using the UoA?
Discussion
What I meant was, it's trivial to create a view that prices all stock quote statistics in BTC rather than USD.
What I'm saying is that the actual engine of trade, the nuts and bolts of a stock exchange, would be the difficult part. I have no idea what it would take to allow customers to deposit BTC, and trade stock in BTC with BTC as the unit of account. Probably needs regulatory changes? I simply don't know enough though. It's an interesting proposition
that makes sense and I'm sure the regulatory part is hell.
fact is
it ends up being BTCUSD denominated anyway so I'm not sure what's accomplished except for changing some social unit bias.
I agree, the reason no one prices in Bitcoin yet is because no one -owes- Bitcoin denominated debts yet. Once you see debts denominated in BTC you'll see BTC much more widely used as UoA
oh now thats an interesting idea.
then it makes more sense to develop BTC denominated lending *first on the road to UoA adoption 🤔