ok so

its needs to be said that this is NOT the comparison of three hard assets.

this is the comparison of the *fiat valuation* of three hard assets.

ie, The comparison of the USD price of gold versus USD price of Bitcoin, the USD price of silver versus USD price of Bitcoin.

the difference is critical to understand since direct valuation isn't possible and all asset prices inherit fiat distortions.

if there are structural reasons for the fiat to prefer one asset to another, that will be shown in the valuation and therefore the comparison. price and comparative value will be skewed.

there is NO honest pricing on an arbitrary fiat standard.

it may seem like a pedantic and unactionable difference. after all, there is no other yardstick. The USD is the unit of account, all prices find their way back to USD denominated "value."

but on the contrary, understanding this is THE MOST actionable. once the implications are understood, we understand we have to *directly value our time and energy in Bitcoin WITHOUT relying on fiat valuation*. Otherwise we are not truly on a Bitcoin standard, we are still relying on fiat to measure the value of our time and assets.

understanding this also shows us how difficult and terrifying it will be to actually move off of a fiat standard. it doesn't happen just because we divide by the USD price of Bitcoin.

how many of us are willing to price our time directly in sats without looking at the USD valuation of those sats? nobody. we can't afford it because the fiat system has us by the balls.

considering this, the true difficulty of creating a REAL Bitcoin standard becomes clear.

thank you for your attention to this matter.

#Bitcoin