Nostr Web Client

Replying to

Luxas

Would suck for those who are:

1 BTC = x USD

But not for those who are:

1 BTC = 1 BTC

😏

Zach⚡️ 1mo ago

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.

Reply to this note

Please Login to reply.

Discussion

Hanshan 1mo ago 💬 2

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

Luxas 1mo ago

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”.

Hanshan 1mo ago 💬 2

you can feel however you want about it.

its just factually incorrect.

Luxas 1mo ago

What is factually incorrect?

Hanshan 1mo ago 💬 1

1 BTC doesn't equal 1 BTC when history is transmitted with value