Nostr Web Client

wow great question

I don't know of anyone who actually gets it right. even myself.

the fundamental problem is that we CAN'T have accurate pricing on a fiat standard.

so how can "value" be measured?

I rail against this because Bitcoin maxis like nostr:nprofile1qqsxew647syatr8wexg7avd54grhjv086pudvjw6vesjss5mkeakjrqpzdmhxw309ucnydewxqhrqt338g6rsd3eqyt8wumn8ghj7mn0wd68yt33xvcnytndv4jxjcgppemhxue69uhkummnw3ezuct5x74xjf are hypocritical, without seeming to realize it

on one hand, its their mission to wake up the world from the fiat nightmare

otoh they love to whip out a fiat chart when it suits their argument.

as if it measured anything more than fiat speculation by Cantillionaires...

for all of us

the best approach is to keep learning

but the name of the game is *critical thinking skills*

all this maxi shit is just noise.

AdamHodl 8mo ago

Well, the problem is that virtually all Bitcoin transactions are buying and selling it for fiat currencies. It’s worth X dollars because that’s virtually all it’s exchanged for now.

If and when Bitcoin is actually used as a medium of exchange, where the transactions become overwhelming in goods and services, it’ll be priced in those goods and services, and those goods and services will be priced in Bitcoin. It’ll stop being about number-go-up and more about things like food-costs-go-down (relative to Bitcoin), or housing, healthcare, and education costs go down (relative to Bitcoin).

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Discussion

Hanshan 8mo ago

makes sense to me ❤️

exist270 8mo ago

Finally someone with some basic common sense. 💁‍♂️

nostr:nprofile1qyw8wumn8ghj7mn0wd68ytfsxyh8jcttd95x7mnwv5hxxmmdqyg8wumn8ghj7mn0wd68ytnhd9hx2qpqlxzaxzge0jq9u9cecucctdt5lslwgp7hcxmp2l0wn8r2ecjenwas6czrap is just coping because for some reason can't comprehend transitional periods, thinks in low timeframes (a side effect of fiat thinking) & doesn't understand that this is happening: