This makes sense and I appreciate your succint answer.

I think the source of my confusion was consuming too much media where the implication seemed to be that fiat would just stop/die out, we'd then stop valuing BTC in fiat, and then we'd switch over to this new perfect system. Rather, what I needed to realize was that future value will be derived from our current system and there will be a lot of calibration over time as you mentioned. Up until now I have never heard any of the Youtubers, etc. I've been watching directly address this.

Of course my question seems stupid in hindsight, but I guess the fact that it does seem stupid now is a good indicator of exactly why I needed to ask it.

It was the actual exchange and not a scammer, but it still bothered me a little... but yeah, I agree, they should already have all of those details since you pretty much have to give all of that upon account creation.

Yeah, I realize I might have come across as a little too aggressive with my tone, but I stand by everything I wrote despite that. I get tired of seeing variations of the same memes and hype quotes recycled on a daily basis and want to take part in some more focused discussion from time to time.

It's pretty interesting to me that the committee thing has been commented on several times. I think that people misunderstood me there... there's clearly a significant amount of sensitivity to even an implication of such a thing in the community. I was just writing the random musings in my head, I never wanted to imply that a committee of any kind is *actually* needed.

I appreciate your perspective. My question is a product of naivete and ignorance, but also a strong desire to question new things I learn.

The analogy I have in my head is like when you give a new piece of software to a complete newbie who has no idea how things are supposed to work, and you just see what they naturally trend towards attempting to do and watch what they break. That's basically me right now with this new paradigm.

I think this is exactly my issue. I'm in the process of trying to mold my mental framework into something new that is ready to adapt to what is coming in the future. And it's not as easy as I would have liked.

I disagree with you, because I have learned the value of humility plenty well in my life without needing to be ridiculed every time.

If I see someone else asking questions like what I did in the future, I can now pay it forward, but I'm happy to know I can do so without your type of attitude.

Do you think I shouldn't have asked the questions I did? Do you think my desire to learn and understand was not a good enough reason to ask what everyone else thinks is a stupid question? What do you think I should have done instead?

Yeah, I'm not afraid to ask stupid questions, and I'm not afraid to admit that I have gaps in my knowledge and ignorance. Despite your comment here which isn't cool at all, I benefitted from all the replies on this post, even yours.

Thank you again for your reply.

This makes a lot of sense to me. Definitely complicated with a lot of moving parts. I just hope I get to live long enough to see it play out.

I feel like that would've been a completely fair question for someone to wonder about in 1990. Being told "you're just overthinking" is to me more akin to saying "I don't know and I don't like to think about this so you shouldn't either". I'm not saying that's what you were doing, but I find it completely natural to question things and attempt to address ignorance and see what other perspectives are out there. The painful part is when people forget that not everyone has the same level of knowledge or perception as them.

I've gotten a lot of really useful replies and some recommendations of learning resources, so I feel like this post was productive.

I never tried to imply a plan was actually needed. I was just writing out my random thoughts.

I value it based on the historical precedent of all who have come before me.

Check out the rest of the replies and my replies to them... I've gained some perspective from this post and identified where my knowledge is lacking. I guess I'm just not afraid to ask stupid questions.

Thanks for the recommendations, I'll look these up.

It's an ongoing process for me. I'm still learning and don't have a solid foundational knowledge of economics and money. So maybe my original post was not a good idea, but I am fine with getting roasted and beat up as long as I learn something new or gain more perspective, and I definitely feel like all of these replies have helped me to do that.

I agree with what you wrote here much more. Once the current system degrades enough, we'll have the transition moment.

I will absolutely be the first one to admit I still have a ton of ignorance about how markets work. I only finally sat down about 2 months ago and began to properly study and try to understand Bitcoin, and economics for that matter. Like I said in my other reply to you, I think that the majority of discourse in the community has led me astray because it completely lacks practical substance.

Of course I get it that it's fun to hype and meme and shit. But I still couldn't help but feel confused and find a situation I really can't understand when I tried to think about things long term. Everyone just talks about the near term. Price fluctuations, the adoption beginning to ramp up, all the changes starting to happen this year. But the key things I was curious about, I could never find an answer for.

I think the majority of people despise the current system just as I do, but they do to such a degree that they aren't even willing to admit that what comes next must grow from it and be directly linked to in a way we can't avoid. It's not necessarily a bad thing, I think, it's just how things will happen.

I think you are misguided in assuming all other things will be measured against BTC. That's purely impossible and completely discounts all of history. We aren't primitive people who just started bartering and realized we needed a currency. We are transitioning gradually from an extremely complex, corrupt, mismanaged system with hundreds upon hundreds of years of precedent.

So as some of the other people replying have already helped me realize: we will be using our current system as a jumping off point for valuation of BTC as we transition toward a different future.

Thanks for your replies. I think your first sentence is the key answer to what I was wondering, and the realization I'm coming to reading all these replies. A lot of the hyping up and meming really does a huge disservice to the people who have a need to learn and understand the practical implications of things.

You're just doing what I said and writing some random quote that doesn't mean anything. I wasn't implying a committee is needed, it was just part of my random musings. How can it be a new measuring stick when we're going to be completely and inexoriably biased by the current system? Gradually then suddenly right? We're going to gradually transition from the current system to BTC, so no, BTC will not be a new measuring stick, the old one will and we will then mold our mental frameworks around the new system based off of the old.

How do you extract some useful information from 1BTC=1BTC when you need to pay rent, or an electrical bill, or buy food, or get paid for some form of future job?