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20 sats \ 9 replies \ @DarthCoin 12 Nov 2023 \ on: How much ₿itcoin would be worth if people took the time to understand it ? bitcoin
That's such a fiat mindset...
The whole point of Bitcoin is not about how much will worth in fiat.
Reminder: Satoshi's papers, stated:
Abstract. A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.
I do not see anywhere in that paper saying about "how much will worth".
Fine, fine... I have to admit that it really is fiat thinking, it's not an easy thing to cure. But at the end of the day, we need to have an idea of what is possible to buy with bitcoins, in terms of value. Or does the bitcoin bible say that it is not to be spent? Let's say then how much would it be worth in oranges? Or something else.
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You are confused about what is value and price... you need to read more economy.
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Let's say then how much would it be worth in oranges? Or something else.
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Bitcoin will never be "worth in x..."
Bitcoin is energy stored in the most brilliant way.
Energy that you trade for other type of energies (time, food, shelter, tools, materials).
What you accumulate today in sats is what you will exchange for other energy into your future. Is only about how you measure yourself the value of that other type of energy expressed in sats.
Who is selling you a good or service will ask you for a PRICE.
You, will evaluate the VALUE of that good/service in energy units (sats) that you afford to spend.
It's all about FREE MARKET not about "fiat worth it".