Kanzan on Nostr: I'm called them fiat maxis because they're showing price charts as if USD valuation ...
I'm called them fiat maxis because they're showing price charts as if USD valuation matters.
I don't think the *really Fiat Maxis, they just don't understand that they're showing a Fiat chart because they misunderstand Unit of Account.
The Unit of Account is how we compare the value of two assets.
It's just a fact that the USD is the world Unit of Account.
I don't think that's how it should be.
but that's how it is.
You or I or anyone doing division in their head doesn't change that.
Until we get a bitcoin standard accurate pricing is impossible.
Published at
2024-10-07 22:37:42Event JSON
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"content": "I'm called them fiat maxis because they're showing price charts as if USD valuation matters.\nI don't think the *really Fiat Maxis, they just don't understand that they're showing a Fiat chart because they misunderstand Unit of Account.\n\nThe Unit of Account is how we compare the value of two assets.\n\nIt's just a fact that the USD is the world Unit of Account.\n\nI don't think that's how it should be.\nbut that's how it is.\n\nYou or I or anyone doing division in their head doesn't change that.\n\nUntil we get a bitcoin standard accurate pricing is impossible.",
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