SaberhagenTheNameless on Nostr: The measurement analogy breaks down when you realize: 1 BTC =/= 1 BTC because it is ...
The measurement analogy breaks down when you realize:
1 BTC =/= 1 BTC because it is not fungible irl - unique histories mean each bitcoin is not indistinguishable from the other, they are taintable, and potentially have differing values. 1 meter must = 1 meter
21 million as a standard is also not true either. Yearly lost coins can never be accurately accounted for. It's not a fixed unit. It's like a meter that is ambiguous or constantly changing.
These are not my arguments. I'm just trying to follow your line of logic.
Ultimately, Bitcoin has certain properties that make it excel for certain use cases. Then there are a few alts, like Monero, that have properties that are better suited for other use cases that Bitcoin or other L2s cannot achieve or are less ideal. Unless Bitcoin hardforks, which would invalidate the strengths of it's previous use case. The abstracted nature of L2s sacrifice one or more of L1 core aspects like self-custody, permissionlessness, p2p, finaly settlement, etc.
1 BTC =/= 1 BTC because it is not fungible irl - unique histories mean each bitcoin is not indistinguishable from the other, they are taintable, and potentially have differing values. 1 meter must = 1 meter
21 million as a standard is also not true either. Yearly lost coins can never be accurately accounted for. It's not a fixed unit. It's like a meter that is ambiguous or constantly changing.
These are not my arguments. I'm just trying to follow your line of logic.
Ultimately, Bitcoin has certain properties that make it excel for certain use cases. Then there are a few alts, like Monero, that have properties that are better suited for other use cases that Bitcoin or other L2s cannot achieve or are less ideal. Unless Bitcoin hardforks, which would invalidate the strengths of it's previous use case. The abstracted nature of L2s sacrifice one or more of L1 core aspects like self-custody, permissionlessness, p2p, finaly settlement, etc.