Oddbean new post about login | logout nice story bro you don't personally change the UOA because you divide by 69K. That really is retarded. The UOA is what *prices are set in*, which is USD. for example, (ETH/USD)÷(BTC/USD) is a USD denominated chart get it straight. https://i.nostr.build/LzDRiFea6QQjh9yr.jpg
Han, while you are staunchly holding your nihilistic view that nothing has measurable value, everyone else is appreciating their purchasing power vs all assets by holding bitcoin. I don’t see this point as novel and additionally doesn’t make sense.
You can set prices in BTC and I do. You can set prices in Monero too but that's a bad reality you can't seem to handle.
If you just want to measure USD too. You can do that with any fiat. The point is it's all going down against BTC. You are obsessed with USD. You don't need it to measure other currencies against each other.
Any individual can do whatever they want. I'm not contesting that. The point is, is that they are all already measured in USD because that's what the UOA is. A UOA is not a personal thing. A UOA is what a *society prices goods in.* The price of all commodities and all other currencies are set against USD. And if a pairing EVER deviates from that, traders jump in to pull them back in line. Because there's a million traders waiting for a deviation to happen so that they can get fiat.
iow until there is a hard money UOA, pricing is fucked.
Sure, but in there real world, people who are holding bitcoin are giving themselves more optionality in how they live their lives because their purchasing power has grown. Not sure why that would be ignored because we all accept that USD is a shitcoin.
If people want to do that, it's fine. They should be clear that they're holding Bitcoin for fiat buying power and not larp about freedom money. Its an untenable position for a so-called bitcoiner.
Sure, but in there real world, people who are holding bitcoin are giving themselves more optionality in how they live their lives because their purchasing power has grown. Not sure why that would be ignored because we all accept that USD is a shitcoin.
If people want to do that, it's fine. They should be clear that they're holding Bitcoin for fiat buying power and not larp about freedom money. Its an untenable position for a so-called bitcoiner.
If people want to do that, it's fine. They should be clear that they're holding Bitcoin for fiat buying power and not larp about freedom money. Its an untenable position for a so-called bitcoiner.
