satoshi jr on Nostr: Yeah I do the conversion too I think the insight is to see the bitcoin as the ...
Yeah I do the conversion too I think the insight is to see the bitcoin as the measuring stick that doesn't change
Fundamentally its all relative and prices are just ratios of how much of 1 good is in terms of another like a car is 1/10th of a house. The dollar is just a easier way to do that calculation
Bitcoin is being able to do that calcution without the distortions from money printing
I think its most useful and or obvious for pricing things across time.
That ratio of car to home in 20 years in USD terms might be 1/20because houses capture more of the monetary premium. Essentially distorting the price of the house from its utility value
In bitcoin if the ratio changes you know its from changes in the supply demand dynamics of houses vs cars
If that makes sense
Fundamentally its all relative and prices are just ratios of how much of 1 good is in terms of another like a car is 1/10th of a house. The dollar is just a easier way to do that calculation
Bitcoin is being able to do that calcution without the distortions from money printing
I think its most useful and or obvious for pricing things across time.
That ratio of car to home in 20 years in USD terms might be 1/20because houses capture more of the monetary premium. Essentially distorting the price of the house from its utility value
In bitcoin if the ratio changes you know its from changes in the supply demand dynamics of houses vs cars
If that makes sense