yeah i get it
and those prices are denominated in USD
which is why usd is STILL the UoA
that doesnt stop until we have circular economies that don't touch fiat
Discussion
Right, but to do that, we're going to need manufacturers and farmers and miners, etc. We need actual resources to be denominated in Monero as they are pulled out of the ground or roll out the factory door, etc. But in order to even get companies like that interested, I think we need to get the price of Monero to stabilize. And what I am doing is attempting to help at least that little bit.
I totally agree
just saying that
until then
its not changing the UoA
It is changing the unit of account between you and the business, but it is not changing the unit of account between the business and the supplier. You as an individual, though, get to denominate prices in Monero and save in Monero if you wish.
UoA IS NOT the medium of exchange between two parties.
UoA IS the base currency prices are denominated in.
people are consistently confusing those two things
and the difference matters.
It's a step in the right direction for people to use a different Medium of Exchange,
but it does not effect the underlying unit of account.
People can transact in bales of cotton or barrels of oil
But as long as the *amount of cotton or the *amount of oil is decided by the USD equivalent value of those things,
then the unit of account is still USD.
damn. true