Laeserin on Nostr: Slight correction: ...for which people are willing to "accept dollars", not "pay ...
Slight correction:
...for which people are willing to "accept dollars", not "pay dollars".
My labor, in other words, adds value to the dollar because I will accept payment for my work in dollars. I can purchase groceries and gasoline with dollars.
There are many fiat currencies that already have less value than Bitcoin (like the Bolivar or the Leone) because people would prefer payment in Bitcoin than whatever they are.
The dollar is still the Currency King 👑 but it's value is slowly declining. Same goes for the Euro, the GBP, Ruble, Remnibi, etc.
...for which people are willing to "accept dollars", not "pay dollars".
My labor, in other words, adds value to the dollar because I will accept payment for my work in dollars. I can purchase groceries and gasoline with dollars.
There are many fiat currencies that already have less value than Bitcoin (like the Bolivar or the Leone) because people would prefer payment in Bitcoin than whatever they are.
The dollar is still the Currency King 👑 but it's value is slowly declining. Same goes for the Euro, the GBP, Ruble, Remnibi, etc.