Oddbean new post about login | logout If you didn't have your fiat glasses on, you would see that #Bitcoin is the unit of account and wouldn't be using USD get fucked
When you compare the prices of two assets in a graph using the US dollar for comparison (because thats what prices are) you are using the USD as "a unit of account" because it is the common unit of valuation. another example, people offering to accept payment in BTC measure the amount of BTC they'll accept in USD (because thats what prices are) in these situations, USD is called the "unit of account" (because thats what prices are measured on) and it doesn't change because you do some division in your head. it isn't anybody elses fault you don't know what words mean.
Episode 4 of "Bitcoin Maxis Have No Idea What a Unit of Account Is" has just been released!!! dont forget to like and subscribe!! ------------------------------ nostr:nevent1qqswwgz6w6m2rynudj76aac838m8g4dmectg064tyk58hfkkp3fzh8cpzdmhxue69uhhwmm59e6hg7r09ehkuef0qgs0w3akkvsz24wt7ww8fv2d4x5ftp09lvs5x8q7vvq8rewgdnah52crqsqqqqqpadvl53
All I said was that the unit of account is so because of the State. If the unit of account was determined in the free market, then it would be #Bitcoin And this shows I "have no idea what a unit of account is" how exactly?
don't feel bad bro nostr:nprofile1qqsw9n8heusyq0el9f99tveg7r0rhcu9tznatuekxt764m78ymqu36cpzdmhxue69uhhwmm59e6hg7r09ehkuef0qy2hwumn8ghj7enjv4h8xtn4w3ux7tn0dejj7qg4waehxw309aex2mrp0yh82arcduhx7mn99ueat4s3 doesn't know what UoA is either nostr:nevent1qqsvztyuaqt5m4xz5hgm82cl73relj4ahgj94g8c5ztmr2qsee29xuqpzdmhxue69uhhwmm59e6hg7r09ehkuef0qgsw9n8heusyq0el9f99tveg7r0rhcu9tznatuekxt764m78ymqu36crqsqqqqqp74vzfc
no, you unfortunately just keep proving the #Bitcoin maxi point. And utxo made a similar point to mine. I guess some people just don't want to be helped, and you're on that list
uh huh tell yourself whatever you need to get through the day I guess otherwise, show your fucking work. anyone can talk shit. doing division in your head doesn't change the unit of account. you're dividing by USD *denominated* prices for gods sake. are you retarded?
But you're only doing this because everyone in the world is forced to be using USD. If the free market took over, we would be doing this division with #Bitcoin Do you get that simple fact, or are you retarded?
I never said anything about that. Sure you might be right. That would be a better world with MUCH more accurate pricing. You can't price accurately on a fiat UoA. Which is the point on the conversion and something bitcoin maxis agree with, except when fiat charts confirm their perspective on the inevitability of Bitcoin. *Those* charts are an extremely correct hard money measurement 🙄