HanShan on Nostr: Because the price of Bitcoin is still measured in USD, even if you convert it into ...
Because the price of Bitcoin is still measured in USD, even if you convert it into BTC, your unit of account is still the US dollar.
It isn't UOA until prices are denominated in BTC.
Published at
2024-09-28 18:27:41Event JSON
{
"id": "e4e6c852550de19161b9054feae64743626685e72f16c7cb1d118bee630616fa",
"pubkey": "f985d309197c805e1719c73185b574fc3ee407d7c1b6157dee99c6ace2599bbb",
"created_at": 1727548061,
"kind": 1,
"tags": [
[
"e",
"3a5c953695e36bfc4323442e5335e061b63e22e0dbb6bf85ebdc334b20380795",
"",
"root"
],
[
"p",
"bd9eb657c25b4f6cda68871ce26259d1f9bc62420487e3224905b674a710a45a"
]
],
"content": "Because the price of Bitcoin is still measured in USD, even if you convert it into BTC, your unit of account is still the US dollar.\n\nIt isn't UOA until prices are denominated in BTC.",
"sig": "bacbbf378f5df239718be3ce8faf7bdf072df092df74b8fe96535f11a5abffa31d84b1dec2eef5272845a86c68652c4ebe23c0b76470ce19523a51961826a1b5"
}
