50 sats \ 4 replies \ @Undisciplined 22 May \ on: Don’t be fooled. bitcoin_beginners
What does this measure tell us?
We did hit an all-time high in terms of the exchange rate between the two moneys. It doesn't make sense to adjust exchange rates for inflation.
The reason to adjust for inflation is to get a measure of purchasing power. Three years ago, one bitcoin bought almost twice as much as one bitcoin today. That's crazy!
Someday, we'll have enough things priced in Bitcoin that we can cut out the middle man of fiat adjustments.
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42 sats \ 1 reply \ @bitties OP 22 May
Wanted to say I appreciate your posts and comments. One of the few Stackers I follow.
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20 sats \ 0 replies \ @Undisciplined 22 May
Thanks. That means a lot.
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42 sats \ 1 reply \ @bitties OP 22 May
I look at it as a measure of adoption rate.
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20 sats \ 0 replies \ @Undisciplined 22 May
Interesting. I'll have to think about that.
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