mleku on Nostr: prices are a ratio you assume that they are based on some divinely imposed standard ...
prices are a ratio
you assume that they are based on some divinely imposed standard like the tablets of Moses
bitcoin is like physical gold, you can't just make it appear from nowhere
the value of bitcoin is what you can trade it for, just as the price of something is what you can charge for it
setting that "value" is done by all of us in relation to our needs for different things and the resources we have to trtade for them
you assume that they are based on some divinely imposed standard like the tablets of Moses
bitcoin is like physical gold, you can't just make it appear from nowhere
the value of bitcoin is what you can trade it for, just as the price of something is what you can charge for it
setting that "value" is done by all of us in relation to our needs for different things and the resources we have to trtade for them