Thread - Nostr Hypermedia

I'm called them fiat maxis because they're showing price charts as if USD valuation matters. I don't think the *really Fiat Maxis, they just don't understand that they're showing a Fiat chart because they misunderstand Unit of Account. The Unit of Account is how we compare the value of two assets. It's just a fact that the USD is the world Unit of Account. I don't think that's how it should be. but that's how it is. You or I or anyone doing division in their head doesn't change that. Until we get a bitcoin standard accurate pricing is impossible.

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Replies (2)

Hanshan hanshan@hanshan.io 1 year ago

So you have so-called Bitcoin Maxis who are trying to shit on Monero by showing a USD denominated chart. which *at best* only graphs speculative interest by Cantillionaires. It's a pretty spectacular self-own. not that they mean to. It's just lazy thinking that suits their confirmation bias.

2 replies ↓

4rge/michina 1 year ago

So what you're saying is blindly follow sats per dollar index to accurately derive cost-per-goods relative value? 😉😜 On it sarge