Wilhelm von Freiheitsberg on Nostr: Hello, #nostriches! Sometimes I see some newcomers feeling confused about the 1 BTC = ...
Hello, #nostriches!
Sometimes I see some newcomers feeling confused about the 1 BTC = 1 BTC concept (which makes sense from their perspective).
TL;DR
1 BTC != 1 BTC only when you are tied to the fiat world (which the majority of us are tied to right now). Because with this mindset you always think of conversion back to fiat.
1 BTC == 1 BTC when the entire circular economy around you is fiat-free inside a BTC ecosystem. This makes pricing BTC in fiat irrelevant/non-sense.
If you don't dream about an agorist future were states have no financial power over people, then this concept will never make sense to you.
Sometimes I see some newcomers feeling confused about the 1 BTC = 1 BTC concept (which makes sense from their perspective).
TL;DR
1 BTC != 1 BTC only when you are tied to the fiat world (which the majority of us are tied to right now). Because with this mindset you always think of conversion back to fiat.
1 BTC == 1 BTC when the entire circular economy around you is fiat-free inside a BTC ecosystem. This makes pricing BTC in fiat irrelevant/non-sense.
If you don't dream about an agorist future were states have no financial power over people, then this concept will never make sense to you.