TLDR: You cannot measure anything without a form of measurement. Bitcoin should be the denominator, and not the numerator of value.
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A prime example is nostr:nprofile1qqs2zqnq524z7zfdsh3vpwpwjh4vt7xxp6sec68y3xr3ndvve23ru0spzamhxue69uhhyetvv9ujuurjd9kkzmpwdejhgtcpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhszynhwden5te0dehhxarjw4jjucm0d5hsgheky9. Bullish lists all products based on the Sat value that Bullish is willing to part with the products. https://thebullish.shop/products
You don't use the product to value Bitcoin, you use Bitcoin to value the product.
indeed. I am wondering who is going to decide what is the measurement. I have seen time and time again that standards/metrics must be done to assess value & progress. But only few know who gets to decide the measurement and on what. Even economists who are trying to predict the future market still get it wrong bcoz the system they are basing it on is incorrect. Richard Werner is great at uncovering this. fascinating food for thought ☺️