Subnostr

USD maintains its store of value by the interest rate (they just print or burn)

But it's purchasing power, well that's the real thing.

Bitcoin isn't a store of value, if you "stored your value" at 124k, where are you now?

So it's not. It's just a currency, priced at a whatever it's demand for that currency is. Similarly, less central banks hold dollars because the demand for dollars has declined.

You can say Bitcoin's purchasing power increases over time, that's a better understanding than calling it a store of value.

Consciousness Incarnate 3mo ago

I like debating shit with you.

But your take is sooo fucked lmao

Just take each chart, USD purchasing power, BTC purchasing power, from 1971 to present and 2009 to present, and try to convince us again that you're right

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Discussion

S!ayer 3mo ago

Purchasing power fluctuates though? FX fluctuates, one is strong one is weak. This is how it works.

Now if you have to measure it you need to measure it FX for FX, i.e. SATs per big Mac or USD per big Mac.

A decline in currency purchase power is different from real stores of value like gold.

Let's look at BTC for instance, at a higher USD value, it's less SATs per burger and inverse if that it goes down, BUT if we priced burgers solely in SATs, what happens? Would it cost more SATs or less SATs over time?

Consciousness Incarnate 3mo ago

Less SATs bro. Bitcoin is volatile in the short term. I'm talking btc the asset as a whole, long term. It's a perfect store of value that is in volatile nascent stage of adoption. Only when it becomes unit of account will you cede that it is a store of value, because we are emoying different meanings or understandings of what "store of value" is