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“Imagine” getting mad or frustrated with those “other” people……while concurrently pricing #bitcoin in pieces of paper.

We are so insanely early.

A transition of this magnitude would have to look exactly like this - because we are the change.

💯 Agree. The hypocrisy of it all. I know I’m (unfortunately) guilty, as a Bitcoiners, to where I’m still pricing and participating in the fiat/broken system. 👎 For sure something I’m working on and trying to comprehend.

I’m also still trying to learn, comprehend/grasp “how to” properly price #bitcoin w/out using the measurement of fiat/dollars…?🤔 I don’t know how to do this, yet.

Example: I designed a Bitcoin product that I sell, only accepting #bitcoin. And even though I only accept bitcoin as payment, I set it in a “$” (dollar) amount, however, “worth in bitcoin”.

I’ve been very proud of this. However, listening to the past 3 months of podcasts you’ve been on…I’m thinking, technically (holy shit 🤯) I’m still doing it wrong, because I’ve put my product at a $ fiat value vs. just putting a solid Sat amount, in “fear” of how up and down the price action of bitcoin is! ??? 👀 Not giving it, or knowing how to give it, a solid proper bitcoin price.

THIS is where I’m stuck in figuring out how to define bitcoin as “money” only when it comes to the function of it being a “Unit of Account”. Does that make sense, or maybe I’m overthinking it…? 🫤 lol

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Discussion

JOE2o 1mo ago 💬 1

This is a good line of thought.

All money is valued in human imagination at the end of the day, this is as true for fiat as it is for bitcoin or any other money. None of it exists in physical form, minus some paper here and there, or some silicon. You can't eat it. It won't shelter you from the rain. It has no electrons, no protons, no neutrons. It's all an idea. It's all just something that exists in human heads.

Once you realise this you realise that all money is the same, and that yes in money terms it does indeed make sense to compare the value of one thing competing for our imagination with another thing also competing for our imagination. Because there will always be these things competing for our imagination, the competition will never stop, because our imaginations will never stop needing new things to latch on to.