Subnostr

The price of money always exists it’s just a matter of how it’s measures. Currently the dollars price is measured in goods, so it’s hard to see the exact price. But it can also be measured against other currencies, like bitcoin. There’s always a price of money.

Shower pictures 2y ago

Shouldn't we say that the price of fiat is interest rates?

You could say that the price of bitcoin could also be interest rate as loans under sound money won't disappear but there has to be a difference since fiat is *nothing more* than that interest rate.

Also, the highest form of money, I think, can only be measured in goods and services. You could say that a US dollar price is 2 canadien dollar but that statement is meaningless if we don't know the price of 1 us dollar in bananas to begin with.

The highest form of money cannot have a price outside every single individual human mind based on their particular situation.

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