That doesn't answer the question lol. Fiat has been around longer than BTC. Its worth is "Trust me bro" from a gov.
Now using your logic, one BTC is worth 0.00001 XMR then. BTC is priced in XMR using the logic provided by you. See how that doesn't make sense claiming fiat is priced in Bitcoin. I live off of purely Bitcoin and even I know that's not how Bitcoins value works. 😂
Fiat used to be priced in gold before fiat became bigger then gold, it does make sense, it does make sense, I'm literally having to respond to multiple threads, it's getting ridiculous, you guys need to keep it manageable
we can stick to this thread.
when Bitcoin crosses over and becomes UoA your "fiat is priced in Bitcoin" will make sense.
like your gold example .
right now its just aspirational (delusional)
Gold was still priced in the paper currency it backed lmao, that's how gold redemptions worked.
It only makes sense for your delusion. Learn how money works and understand monetary systems. Bitcoin is still priced in fiat which is why Fiatcoiners claim purchasing power goes up over time. If you actually priced stuff in sats then things stay the same, there is no ups or downs just a fixed stable currency.
Things wouldn't be fixed, they would still get cheaper in sats as sats get distributed to more people, if the money is fixed then everything else needs to get cheaper
That's not how it works lmao. 1 BTC = 1 BTC things aren't going to get cheaper. The opposite would occur, things would get more expensive if the supply gets lost. So if there's only 1 million BTC then prices would get cooked for goods and services.
The units can get divided smaller, we can already divide one Satoshi by a thousand on lightning, so the purchasing power of sats will increase
Monero has half of golds inflation only ever to go down from here, trending against 0 without ever reaching it. It's a trade off Bitcoin OGs that created Monero were willing to make to have a security budget guarantee at the absence of an established fee market. As they knew Bitcoin already covered the finite supply niche they could choose different trade-offs and sacrificed the number one selling point.
Not because they are (dis)inflation lovers. No, because they argumented that it would create a more stable long term outcome.
And you are free to price BTC in xmr but you will need to cope with one BTC becoming worth more xmr over time as xmr gets diluted
