fiat is a helluva drug
just say no to fiat "wealth" kids
Discussion
I'll counter this with your own argument: the unit of account is what we use to measure wealth. It doesn't matter what you wish the unit of account was, all charts are fiat charts.
Holding bitcoin is bitcoin wealth. You're just measuring it in fiat, because fiat is the unit of account, so there's no other way to measure it.
Are you building wealth by holding bitcoin? Yes, even when measured in fiat, you're building real wealth no matter what you measure in. Well, for now anyway.
Hmm.
That's a viewpoint people can have anyway.
The obvious objection to that idea is that if your UoA is has arbitrary monetary policies
ie the measuring stick is always changing,
it's a shitty measurement of value.
A fiat UoA makes accurate pricing impossible.
So you can argue "that's wealth because its what we use to measure with"
but its still a shitty measurement.
The whole point of me trolling fiat maxis (the ones who think theyre hard money maxis) is to encourage recognition that a fiat UoA is NOT accurately measuring value.