Replying to Avatar Hanshan

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

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I think people would be better off accepting that this is likely a multi generational process. We're basically the US founding fathers 250 years ago. We will see a lot of benefit, but probably nowhere close to the best of it.

At least that's how I think about it.

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part of why I harp on this so much is because if the people don't have that perspective, nothing happens.

everybody's just like "durrr, I'm on the #Bitcoin standard because I do division."

I don't agree that they're doing nothing, even if you're right about the comparison to fiat (I think you are). But we do live in a fiat world and there's no way to just warp past a transitionary period. I think interim products that help people bridge are worthwhile. Even Bitcoin only businesses often struggle to buy every component in Bitcoin only. But I still shop with as many as I can. nostr:nprofile1qqsppdnxpjc82jlm3yn9gawhv7p4nm69a3f80rg5ycw305xned2s0hcpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsz9mhwden5te0wfjkccte9ec8y6tdv9kzumn9wshsz9rhwden5te0v9kxwmeww468smewdahx2tcq7d5tl is an example. I don't know if they buy everything in Bitcoin or not, but I've seen others say they can't yet pay every vendor directly in sats. Having every good priced in sats is the only way I see we can achieve your standard. I agree with you in a puritanical sense, but I don't see how we get to that point without the thing youre saying is useless.

I'm just being hyperbolic. I don't think that it makes zero difference whether you spend in Bitcoin or fiat and I dont think we have to warp to some ideal state of Bitcoin standard RIGHT NOW.

it's just fucking retarded that people think that they're *already on a Bitcoin standard.

because they divide two fiat prices no less.

they completely fail to understand how a fiat unit of account warps their perception of pricing.

that's it.

Ah. I see. You should consider replacing the other style with this one. It does a better job communicating what you mean. Hyperbole can be fun, but sometimes it just clouds intent and meaning. But I could also just be partially retarded 😂

i will take it under advisement 😂

I also think storing wealth in cold storage sats vs fiat in a bank matters. Buying something using sats, even if that means converting into fiat to pay someone who only accepts fiat, still makes a difference. I don't think it's as simple as just making a Bitcoin world. I can't force hospitals to pay me in Bitcoin. But I can send that check to Strike and have it converted to Bitcoin immediately. There will be many years of a weird transition and I think intermediate products help with that. At least they help me. I can't do what you're asking by myself for the entire world, but I can do division right now for my own money. It's imperfect but better for me. Comparing to gold is a better yet, in my opinion. I'm truly open to perfect solutions. I just never see any.