it isn't correct that its only a semantic difference.
prices only fall from your perspective because USD (the *actual* UoA) is piling into bitcoin faster than inflation and the other forces that devalue it.
it matters because that's what "the price" is measured in, which is the definition of UoA. doing some division in your head doesn't change that.
the objective of course is to have things measured in BTC. but measuring in BTC has no meaning as long as BTC itself is measured in USD.
because as long as prices are measured in USD,
when it comes down to it
you are still measuring in USD.
even if you convert to the relative value in sats.
Kanzan /
npub1lx…6svxa
2024-09-28 19:17:43
in reply to nevent1q…6yxr
Author Public Key
npub1lxzaxzge0jq9u9cecucctdt5lslwgp7hcxmp2l0wn8r2ecjenwasu6svxaPublished at
2024-09-28 19:17:43Event JSON
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"content": "it isn't correct that its only a semantic difference.\n\nprices only fall from your perspective because USD (the *actual* UoA) is piling into bitcoin faster than inflation and the other forces that devalue it.\n\nit matters because that's what \"the price\" is measured in, which is the definition of UoA. doing some division in your head doesn't change that.\n\nthe objective of course is to have things measured in BTC. but measuring in BTC has no meaning as long as BTC itself is measured in USD.\n\nbecause as long as prices are measured in USD,\nwhen it comes down to it\nyou are still measuring in USD.\n\neven if you convert to the relative value in sats.",
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