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The measuring stick isn’t broken. Bitcoin is underperforming big time over the last 4.2 years. Avoiding the USD value conversation is head in the sand copium talk 101. Riddle me this: In Bitcoin only circular economies where sats is the standard the price of goods and services fluctuate by the minute why? 1700 sats for a taco one day… 1900 the next… Why? Because even in Bitcoin only circular economies the sats price moves in LOCKSTEP with the underlying fiat denomination. There is no escaping it. Avoiding this fact is not helpful and merely perpetuates the fantasy that the USD price has nothing to do with Bitcoin.
joeleao073's avatar
joeleao073 1 month ago
I’m not avoiding the USD conversation. I’m pointing out that switching monetary standards takes time, and that time is measured by adoption. A unit of account does not emerge overnight. Until there is real critical mass, prices will keep referencing the old system and volatility is unavoidable. Even Bitcoin-only circular economies still track fiat because fiat remains the dominant unit of account today. That is a symptom of an incomplete transition, not proof that Bitcoin is broken as money. Bitcoin being better money does not mean it wins automatically. Decoupling only happens once people understand why fiat is structurally flawed and choose to move away from it, not while pretending the transition is already finished. That is why educating people about money is so important.