Although I might agree with you on value, my brain can't wrap around price. 🤔
Value is the worth. A KYC free utxo is measurably worth more than a KYC'ed utxo.
The price of Bitcoin though is measured by keeping only in account the CEX'es on which a lot of P2P exchanges also base their prices (as a % premium on that averaged CEX price). In all honesty I do not know how BISQ looks nowadays 😶🌫️ so not sure if there is just a demand price or a premium.
But now even if we all agree on f.e. BISQ that nonKYC sats are worth 100k, that won't change the price on the CEX,... thus not influence 'the Bitcoin price' (as measured by indexes) unless ofc. there is a rise of a new Samurai that allows for mixing KYC'ed sats and thus being able to sell those on a P2P exchange (creating a bigger demand on the CEX exchange and thus pulling the price up)
What I am getting at is not to buy on KYC exchange,... on the opposite ☺️
I don't (want to) care about the price, as long as I can buy and sell my goods and services for sats with the people I know value these sats on the same level as I do 🤔
If that makes sense? 😆(not looking for agreement or not, just not sure if I am able to express myself clearly, I have a cluttered mind & it shows in my communication
😅)
Soulexporter
npub1l6…tdl44
2024-09-04 13:51:08
in reply to nevent1q…hqh3
Author Public Key
npub1l6eva7lqf7fn79w6pqp5x64x9ja2emapevp67yn4hxkdz6s5yvxs3tdl44Published at
2024-09-04 13:51:08Event JSON
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"content": "Although I might agree with you on value, my brain can't wrap around price. 🤔\n\nValue is the worth. A KYC free utxo is measurably worth more than a KYC'ed utxo. \n\nThe price of Bitcoin though is measured by keeping only in account the CEX'es on which a lot of P2P exchanges also base their prices (as a % premium on that averaged CEX price). In all honesty I do not know how BISQ looks nowadays 😶🌫️ so not sure if there is just a demand price or a premium.\n\nBut now even if we all agree on f.e. BISQ that nonKYC sats are worth 100k, that won't change the price on the CEX,... thus not influence 'the Bitcoin price' (as measured by indexes) unless ofc. there is a rise of a new Samurai that allows for mixing KYC'ed sats and thus being able to sell those on a P2P exchange (creating a bigger demand on the CEX exchange and thus pulling the price up)\n\nWhat I am getting at is not to buy on KYC exchange,... on the opposite ☺️\n\nI don't (want to) care about the price, as long as I can buy and sell my goods and services for sats with the people I know value these sats on the same level as I do 🤔 \n\nIf that makes sense? 😆(not looking for agreement or not, just not sure if I am able to express myself clearly, I have a cluttered mind \u0026 it shows in my communication \n 😅)",
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