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Roland 2mo ago 💬 3

The measuring tool - fiat - is broken, yet everybody continues to use it...

Please somebody explain to me why this is smart?

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Discussion

Zoltán 2mo ago 💬 1

You know, back in 2010 Laszlo Hanyecz measured how much a pizza was worth: 10,000 Bitcoins. Yesterday I measured how much a pizza was worth: 0.0001 Bitcoin. Is this tool really suitable for measurement?

Roland 2mo ago

That's not measuring with Bitcoin. That's still measuring with fiat - both the pizza and Bitcoin.

Zoltán 2mo ago

So, how can you measure with Bitcoin?

halalmoney 2mo ago 💬 1

Perhaps social constructs (such as using the dollar as a unit of account) are driven more by ubiquity than by logic.

Roland 2mo ago

There is definitely no rational argument for using fiat as a measuring tool.