Correct me if I’m wrong, but when we do away with fiat, we also do away with exchange rates, right? What a sat is worth in America, it’s also worth in Australia. #asknostr
Discussion
Correct. A sat is a sat. Though, some items may cost more sats in some areas of the world.
Correct. There would be no need to convert to a local currency anymore. However, that does not mean everything would cost the same everywhere in the world, just like gas prices can vary from city to city, even though you are using the same currency in both places. Supply and demand will still apply.