Replying to Avatar Khanto Blackhand

Gold was still priced in the paper currency it backed lmao, that's how gold redemptions worked.

It only makes sense for your delusion. Learn how money works and understand monetary systems. Bitcoin is still priced in fiat which is why Fiatcoiners claim purchasing power goes up over time. If you actually priced stuff in sats then things stay the same, there is no ups or downs just a fixed stable currency.
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Petar 2mo ago

Things wouldn't be fixed, they would still get cheaper in sats as sats get distributed to more people, if the money is fixed then everything else needs to get cheaper

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Khanto Blackhand 2mo ago

That's not how it works lmao. 1 BTC = 1 BTC things aren't going to get cheaper. The opposite would occur, things would get more expensive if the supply gets lost. So if there's only 1 million BTC then prices would get cooked for goods and services.

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Petar 2mo ago

The units can get divided smaller, we can already divide one Satoshi by a thousand on lightning, so the purchasing power of sats will increase