Yes, and comparisons to existing standard mediums of exchange is the most efficient way to measure the purchasing power of that thing (Bitcoin) you're trying to trade with.
Discussion
yeah, true
i just don't get the excitiment part
does higher price indefinitely mean that we are closer to separating money from the state?
If you don't get the excitement then you don't have enough skin in the game.
if you get excited and emotional over price, you have too much skin in the game and are irrational regarding your investment
Ok 👍
I’m enjoying this conversation.
It is natural (and likely healthy, from a natural selection perspective) to get excited about the prospect of having greater chances of survival today than you did yesterday.
Money and value are ultimately survival tools. Being happy that your chosen tool is working as intended strikes me as a “correct” emotional response - if measured, of course.
hmm, the second paragraph is an interesting way of thinking about it 🤔
regarding the last paragraph, i guess it's just what you see as the function of a currency: speculation vehicle vs storing value vs means to trade