Replying to Avatar Khanto Blackhand

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.
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Hanshan 2mo ago

> If you actually priced stuff in sats then things stay the same, there is no ups or downs just a fixed stable currency.

not strictly true since demand for money fluctuates even if the supply is fixed.

the key here is "pricing stuff in sats"

nothing is priced in sats .

stuff is priced in the USD valuation of sats.

there is no escaping the Unit of Account.

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Khanto Blackhand 2mo ago

Well that's if BTC was the only currency. I should have worded it more clearly. You can have demand for the currency but 1 BTC would be 1 BTC in the end.

But I do see your point.