Oddbean

I'm called them fiat maxis because they're showing price charts as if USD valuation matters. I don't think the *really Fiat Maxis, they just don't understand that they're showing a Fiat chart because they misunderstand Unit of Account. The Unit of Account is how we compare the value of two assets. It's just a fact that the USD is the world Unit of Account. I don't think that's how it should be. but that's how it is. You or I or anyone doing division in their head doesn't change that. Until we get a bitcoin standard accurate pricing is impossible.

So you have so-called Bitcoin Maxis who are trying to shit on Monero by showing a USD denominated chart. which *at best* only graphs speculative interest by Cantillionaires. It's a pretty spectacular self-own. not that they mean to. It's just lazy thinking that suits their confirmation bias.

It's kind of like yen/rmb Imho. Different transaction classes. Tax btc at 10%, idgaf. By the time katillionaires catch on to it they'll be dumping tons into infrastructure and r&d and us roles can base xmr on Oz of mj

1 BTC = 1 BTC Or 1 BTC Block = Cost of production Then, cost of production should break free from fiat To break free from fiat one need to disengage from big energy producers and assert Sovereignity, all things considered. Others will argue that 1 BTC = Fiat parity is our Trojan Horse. Too many vectors, head is hurting. nostr:nevent1qqstjpl0vyu5hl85lc38chxcy7uu2adts6ts3vwlwdr9jd5998hhkccppemhxue69uhkummn9ekx7mp0qgs0npwnpyvheqz7zuvuwvv9k460c0hyqlturds40hhfn34vufvehwcrqsqqqqqpg6gr7j

It’s a messy transition as evolution tends to be. This guy and his ChatGPT / word salad responses are noise. The best solutions will continue to be chosen by the market and developed by global devs who choose where to put their time + energy. Hashrate, liquidity / trading partners and development are strong signal that Bitcoin is what matters and it is the Bitcoin network / stack that will develop into everything humanity needs in money. I really don’t care what happens with shitcoins (fiat included) at this point. It’s the “I don’t think about you at all” meme

hey fuck you i wrote all of these myself and they make a specific point. your response says nothing except a generic "something will happen because of reasons" its doesn't matter if you don't think about fiat at all. its a fact that prices are denominated in fiat. that shouldn't be a contentious statement among people who supposedly understand the basic principles of money.

finally. cheers. exactly, right now we are setting prices in fiat. setting prices in BTC means we are setting them in "energy equivalency units" or price of block production. and totally, the exact methodology for *how* the underlying UoA changes is probably way too complicated for any one person to understand. I think when smaller communities can be more self-reliant and interact with fiat less they will naturally set prices in a UoA they value more. i mean, that not my idea that's basic Mises