HanShan on Nostr: I've had this conversation dozens of times. it goes like this You're talking about ...
I've had this conversation dozens of times.
it goes like this
You're talking about the fiat valuation of Bitcoin versus the fiat valuation of Monero.
Although 99% of the time you admit that fiat valuation is a bullshit metric and broken yardstick
when it serves your purposes you're happy to use to prove a conclusion you already hold.
this last cycle is evidence that it's broken,
because the only reason we're at this USD price point with empty mempools is because of VC capital and institutional investors
So what exactly has decreased in value versus what again?
it goes like this
You're talking about the fiat valuation of Bitcoin versus the fiat valuation of Monero.
Although 99% of the time you admit that fiat valuation is a bullshit metric and broken yardstick
when it serves your purposes you're happy to use to prove a conclusion you already hold.
this last cycle is evidence that it's broken,
because the only reason we're at this USD price point with empty mempools is because of VC capital and institutional investors
So what exactly has decreased in value versus what again?