KAwAR on Nostr: On a purely gold standard the price of gold is not even gold. It is denominated in ...
On a purely gold standard the price of gold is not even gold. It is denominated in ounces. Bitcoin is the pure denominator of itself.
If I need a scale in my shop to weigh gold I am adding complexity to exchange.
On a bitcoin standard we initially use kilowatt hours to measure value. But from there we use sats.
Users don't use watts to measure sats. We use sats to measure sats.
That is a major upgrade with regards to irreducible complexity.
Gold is dead as money.
Useful industrial metal. Not money.
If I need a scale in my shop to weigh gold I am adding complexity to exchange.
On a bitcoin standard we initially use kilowatt hours to measure value. But from there we use sats.
Users don't use watts to measure sats. We use sats to measure sats.
That is a major upgrade with regards to irreducible complexity.
Gold is dead as money.
Useful industrial metal. Not money.