Right. So UBI is just the next step to this artificial system.

When you say "measuring" in Bitcoin... I've often thought how would we non-artificially agree on how much 1 Bitcoin/a set amount of Satoshis could buy/produce in a system without fiat.

If we stopped measuring Bitcoin in US or CAD dollars... how would be come to a value price on a basket of goods?

I ran this through GPT and we came up with a value where the costs of mining was a contributing factor and so was the velocity and network participants. How else might we conceptualize a standard value? Scarcity also factors in.

Reply to this note

Please Login to reply.

Discussion

No replies yet.