HanShan on Nostr: This is your bull market reminder that you are *NOT* living on a Bitcoin Standard. As ...

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*.