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.
Zaelus
npub1rc…cer0w
2024-08-06 21:29:15
in reply to nevent1q…m3fq
Author Public Key
npub1rc8mqg42fssvsmrnz0nsajvtru8ytt5q2k44xz6jc8wxa3l8h4nqjcer0wPublished at
2024-08-06 21:29:15Event JSON
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"content": "This makes sense and I appreciate your succint answer.\n\nI 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.\n\nOf 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.",
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