Would suck for those who are:
1 BTC = x USD
But not for those who are:
1 BTC = 1 BTC
😏
Discussion
1 BTC = 1 BTC is so retarded.
It's freaking money guys. So even if you want to be cheeky and route around dollars there is still a ratio of Bitcoin to real things which matters.
Way different world if 1 BTC = 1 House versus if it takes 100 BTC to buy one. People who celebrate moving backwards are either extremely underexposed or enjoy destroying progress.
this is a UoA problem
accurate pricing is impossible with a fiat UoA because of speculative distortion
one Bitcoin doesn't equal one Bitcoin until everything is priced directly in Bitcoin
And that’s the hope of many. That it becomes a global reserve currency. An inverse of it now. Only fiat maxis hate “1 BTC = 1 BTC”.
these things are never linear and the world is complicated
could be decades
could be regulatory capture
nobody knows
It sucks that probably 99.9% of merchants value your Bitcoin in USD terms. So we can also say 1 USD = 1 USD