NotSatoshi on Nostr: Your question implies that the end of fiat would mean return to a barter society ...
Your question implies that the end of fiat would mean return to a barter society then? Are there no computers in this scenario? ALL assets theoretically undergo continual price discovery in the free market; bitcoin as a digital asset is no different (the critical point there is that btc is unique among digital assets in its unforgeable scarcity). To make the claim that it will not continue to have an exchange value - whether measured in gold ounces, or wheat bushels, or whatever - you’d have to explain why that might be the case. What would change, that humans won’t continue to value bitcoin?
Published at
2023-08-31 18:29:15Event JSON
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