Has anyone had the experience of growing into adulthood with the US Dollar as their unit of account, and then moving to another country and having a different currency slowly but completely exist in their mental model as unit of account?
Discussion
America is no longer the country I grew up in and all my long term planning is in sats, does that count?
Well yes, but it's cheating.
I want to hear about people's experiences with non-bitcoin currencies to get a sense for what happens in the mind and life when units of account switch.
I feel like there's a kind of caterpillar->
An American probably has a very hard time grokking a chart where the USD value is fluctuating against some other "fixed" unit of account (not really fixed because nothing in economic relationships is, but the USD _feels_ fixed when viewing the price charts of everything else. this is my whole point)
I kind of feel like the in between is a truer state. The real question always is "how hard do I have to work for a dozen eggs?" or a ribeye or whatever other useful good.
Any unit of account hides that behind a layer of obfuscation. By muddying your default ruler view so you have to convert always it is easier to see through to the true question.
Lived in Ireland for two years, after a few months everything was denominated in euros.
Easy to do when literally everything around you is priced in another currency. I think part of the reason its hard with BTC is that everyone still prices stuff in fiat.
Did it feel like the Euro became "static" and the Dollar was flexible against IT?
> still prices stuff in fiat
This will never change. Fiat currencies (in civilized countries) are the most stable unit of account we have by a wide margin.
Crypto "currencies" don't have price stability mechanisms and are unable to ever have them.
Even worse. In Bulgaria we’re changing our national currency next month to the euro. And my whole adult life the lev has been pegged to the euro at a fixed rate. So we’ve been using dual tender model for years. After starting my journey in bitcoin I’ve learned to follow the lev/eur/usd exchange rate daily and now I’m mentally converting every 1000 sats to about a dollar for a while too. I can easily open an exchange at this rate. 😂
I've earned a living in 6 different currencies.
My wife and I have discussed it many times, but the kids are still young enough to need us around...maybe in 5-10 years.