pull down to refresh

0 sats \ 3 replies \ @johnwhyte OP 31 May \ parent \ on: 10 years of ₿itcoin price action in 30 seconds. bitcoin
As a unit value it's measured in Fiat ... However Fiat doesn't correlate with Bitcoin value as 1 BTC equals to 1 SATS.
VERY SOON EVERYTHING WILL BE PRICE IN BITCOIN AS ALL FIAT WILL GO TO ZERO.
write
preview
1 sat \ 2 replies \ @Rothbardian_fanatic 31 May
I think that remains with the people to decide, doesn’t it? Governments do not decide what is money. It is decided by what people use the most for trade.
reply
0 sats \ 1 reply \ @johnwhyte OP 31 May
Yes absolutely, the price is determined by the market. The value is determined by the people.
reply
1 sat \ 0 replies \ @Rothbardian_fanatic 31 May
Well, the value is not determined by the people, it is determined by each individual and summed together by the prices each person will pay.
reply