This is your bull market reminder
that you are *NOT* living on a Bitcoin Standard.
As long as prices are denominated in US dollars
the USD is your unit of account.
you can break your brain dividing the price of a everything by 89k to find sat equivalent price
and the USD is STILL your uoa.
its a good thing to. kinda cute and a step in the right direction.
but its got fuck all to do with changing the Unit of Account.
i can sell weed for propane
and not touch USD at all,
but as long as the quantity of weed
exchanged for the quantity of propane
is decided by the relative USD value of those things,
the USD is the Unit of Account.
That doesnt change until communities start pricing goods and services *directly* in their preferred currency.
ie without regard for the supposed fiat "value"
UoA definitely does NOT change because you do division.
It should be self evident and obvious to every Bitcoiner,
that dividing the fiat price of goods or services
by the fiat price of Bitcoin,
is a *fiat measurement*.
Kanzan
npub1lx…6svxa
2024-11-14 00:58:14
Author Public Key
npub1lxzaxzge0jq9u9cecucctdt5lslwgp7hcxmp2l0wn8r2ecjenwasu6svxaPublished at
2024-11-14 00:58:14Event JSON
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"id": "5cea631c87be8b7c6b979749eca5a92cdc7687a2af40cc9025551378f6c47015",
"pubkey": "f985d309197c805e1719c73185b574fc3ee407d7c1b6157dee99c6ace2599bbb",
"created_at": 1731545894,
"kind": 1,
"tags": [],
"content": "This is your bull market reminder\nthat you are *NOT* living on a Bitcoin Standard.\n\nAs long as prices are denominated in US dollars\nthe USD is your unit of account.\n\nyou can break your brain dividing the price of a everything by 89k to find sat equivalent price \nand the USD is STILL your uoa.\nits a good thing to. kinda cute and a step in the right direction.\nbut its got fuck all to do with changing the Unit of Account.\n\ni can sell weed for propane\nand not touch USD at all,\nbut as long as the quantity of weed\nexchanged for the quantity of propane\nis decided by the relative USD value of those things,\nthe USD is the Unit of Account.\n\nThat doesnt change until communities start pricing goods and services *directly* in their preferred currency.\nie without regard for the supposed fiat \"value\"\n\nUoA definitely does NOT change because you do division.\n\nIt should be self evident and obvious to every Bitcoiner,\nthat dividing the fiat price of goods or services\nby the fiat price of Bitcoin, \nis a *fiat measurement*.",
"sig": "6e363f30f20906590d7dd8e8c41400172784a287eff115a757f02e446923e26806a04d93ade94a28d4f6e1805c1748dd10d2d06c4b459888002667d04440386c"
}