The notion #Bitcoin must scale by being used for every economic tx doesn’t map to history.
Historically, in-kind trade (barter) existed alongside trade based in precious metals like gold and silver.
Barter complements Silver & Gold.
Silver & Gold might complement #Bitcoin.
Money, at its root, represents a standard of value that people can use to compare to other goods and services to calculate hierarchies of value.
In this sense, #Bitcoin ’s Price Signal will become the benchmark people use to calculate a hierarchy of value.
₿itcoin ₿ombadil
npub1pt…6vhsq
2024-06-07 23:37:26
Author Public Key
npub1ptasykarzj2cm7dc9wnyyqk4h6mhc0gznx4fe8ccl9hpnspnlhrqh6vhsqPublished at
2024-06-07 23:37:26Event JSON
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"content": "The notion #Bitcoin must scale by being used for every economic tx doesn’t map to history. \n\nHistorically, in-kind trade (barter) existed alongside trade based in precious metals like gold and silver.\n\nBarter complements Silver \u0026 Gold.\n\nSilver \u0026 Gold might complement #Bitcoin.\n\nMoney, at its root, represents a standard of value that people can use to compare to other goods and services to calculate hierarchies of value. \n\nIn this sense, #Bitcoin ’s Price Signal will become the benchmark people use to calculate a hierarchy of value.",
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