₿eni₿idi₿ici on Nostr: My thoughts exactly! ...

My thoughts exactly!

quoting nevent1q…hlyf

Most people alive today use local fiat to value their assets, their net worth, including #bitcoin

My point is now we have something outside the old #fiat world, the reverse is true and #bitcoin is the better measure in which to value assets, net worth, etc

Once one truly understands all other investments and assets fade away vs #bitcoin because they become rapidly devaluing assets as #bitcoin is adopted and its value rises in relation, but this isn’t my point

How does one measure the value of a currency? Quantity created = value? <==this tends to be the case. People measure the *quantity* of a currency in circulation and impute value in the same currency, typically using money in circulation, deposits, and other digital records of value kept in liquid“cash” or cash-like deposits. The FRED M2(M2SL) provides USD’s M2SL quantity at $21.2trillion, implying the value of USD currency

Implying value from a quantity measure is not the best, but that was all we ever had before #bitcoin. Now #bitcoin is being adopted at some point we will just say value in #bitcoin, and if the USD doubles in circulation it won’t matter because the measuring rod is unchanged.

Since I state that all value should be measured in the hardest, purest value-containing asset ever known to man (#bitcoin) leads the USD to a required quantity of #bitcoin at current exchange rates of about ₿245million, the number of ₿ reflected for USD in the aforementioned fiat market cap weblink

Happy to discuss further but not sure if I am becoming patronising or being trolled