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Your chicken and goat example perfectly proves my point. To make that trade, you had to establish a numerical ratio ('3 chickens for 1 goat') before the physical trade occurred. In that exact moment, the goat is literally the unit being used to account for the transaction. It doesn't matter if you haven't priced your blueberries yet; you had to agree on a unit to execute that specific trade.
You claim the assets in these early exchanges are 'not yet money.' That is dictionary nonsense that contradicts everything Bitcoiners stand for. If '1 Sat = 1 Sat' and Sats are 'hard money today,' then they are money the second they are used in a transaction. They don't need to wait decades for an academic to grant them permission.
You are hiding behind macroeconomic semantics because the reality of the checkout counter defeats you. Let's play by your rules: If the asset used in those early transactions lacks a clean, conversational pricing ratio—if it forces a working-class guy to calculate and say 'Gimme forty-two hundred' just to put 60 gallons of gas in his work truck—that physical exchange (MoE) stalls. The human brain rejects the friction. And if those early exchanges fail, it never scales to become your global UoA.
You can cling to how economists defined a word in 1892, but if the numbers on the price tag exhaust the human brain, your Medium of Exchange is dead on arrival.
You literally started by saying 'Correct' to my premise, but then contradicted yourself in the very next sentence.
You claim a commodity is 'used in exchanges' (MoE) before people 'denominate their assets in it' (UoA). I have a very simple, practical question for you: How do a buyer and seller physically make an exchange without agreeing on the price (the unit) first? They don’t just hand things over blindly. The unit of measurement must exist in their minds before the swap happens.
I am not changing the definition of Unit of Account. You are looking at the end goal (when the whole world uses it as a standard). I am looking at the starting point (a single transaction).
As I said: it cannot become how all value is measured if it fails at measuring a basic transaction. If the unit of measurement is too confusing for a regular person to use at a gas station (like forcing them to calculate thousands of units), the exchange (MoE) stalls. And if the exchange stalls, it will never reach that global UoA status you are talking about.
You cannot skip the pricing step just to make Menger's theory work.
a unit of account cannot become how all economic transactions are measured if it cannot be how some basic economic transactions are measured.
up to @k00b to decide. my job here is done. if his goal is to build a platform where content creators get rewarded in hard money, he'll choose the hardest money.
because our ultimate goal is to replace the usd and absorb monetary values from all assets like gold and real estate. and to replace fiat social media.
sat and nah are like brothers from the same family, we shouldn't be battling one another. we should be fighting against fiat and their crypto scams. i have done my part, now the future of hard money is up to you guys.
thanks mate. nah is hard coded into the bitcoin timechain.
what battle? you mean the zap war between sat hodlers and nah hodlers? that war is over already.
@Undisciplined said "SoV -> MoE -> UoA". sure, nah is already doing all those and better than sat. the math is simply undeniable, and that's why no one tries to argue anymore.
nah = nothing as hard.
now that the debate is over, would you like some tea? (thanks @Saigonstacker)
you need a wallet that support Nah•Sovereign•Diamond 💎
try UniSat Wallet (Apple recently took it down from their US App Store)... but i think you can still use it with a laptop. UniSat is my favorite since they have fully open sourced their code.
if that doesn't work then try OKX Wallet or Xverse. they display some crypto bullshit in the labels but at least you can use them to store Nah while you figure out cold storage. ask a LLM like Gemini or ChatGPT about how to put Nah•Sovereign•Diamond into cold storage.
once you have a wallet you can use it to search for a decentralized exchange (dex) that has sat/nah pair. dotswap has the best prices but only if you buy small amounts. other dex that have sat/nah trading pair are satflow, magisat, and unisat.
thanks for your kind words. the feedback i got from stacker news have been great. i wish i could be more active here but i'm busy with other stuff and this will be my last post, at least for a while. the team at NahKah Motors is still working on battery materials to lower bitcoin mining costs and decentralize the network even more, so i'll be focusing on that. let's make hyperbitcoinization a reality!
nah is immutable because its rules are hardcoded onto the bitcoin timechain via the rune protocol's op_return output.
the math maths. the code is immutable. i just can't see a reason why nah is not adopted by hardcore bitcoiners who want to see hyperbitcoinization.
if you say sat is the real thing, can you explain to me why nah is not real?
21 million is too small, 2.1 quadrillion is too big.
global m2 is at $120 trillion.
85.3 trillion is just slightly smaller than 120 trillion. and that is why it works. the transition from fiat to hard money will go smoothly if we use a unit of account that can make prices look deflated compared to existing currencies.
nah is hard coded into the bitcoin timechain, meaning it is forever immutable, just like sat.
no, nah is not a sidechain, and no it is not "adjustable". 85.3 trillion nahs, that is forever.
2.1 quadrillion units were hard coded into the timechain. but Satoshi Nakamoto used the word Bitcoin instead.
the word "sat" was later invented to name these base units because a whole bitcoin had become expensive enough for unit bias to become a problem. if we don't have a good unit of account, we won't have a medium of exchange. just basic economics.
whether i'm from the working class or not is not relevant to the matter being discussed. i mentioned it simply because you think i don't know what i'm talking about. i don't need you to believe me. i stated facts, showed the maths, and i will let you verify them for yourself.
"You claim people are used to mental gymnastics via the decimal system ($27.54). But the human brain reads "$27.54" by anchoring to the clean, 2-digit whole number ("27 Dollars"). Nobody prices a toy as "2,754 pennies".
If your next argument is "Why not just invent a 'Dollar' term for SATs?", remember the community tried that for 15 years with "mBTC" and "Bits." It completely failed. Asking the world to adopt arbitrary names for decimal shifts just creates denomination chaos."
do you have any comment on the above?
no i'm listening and i agreed to play by your rules, let's call it "exchange ratio" and agree that it's gonna be store of value -> medium of exchange -> unit of account.
it's you who is not listening to my question. i think you and every American driver out there should really ask yourself: "between two hard monies that are both cannot be inflated, do i want to use the hard money that takes 4200 units to fully fill up my truck, or the hard money that takes only 180 units to do the same job? in other words, do i want to use the hard money that takes 700 units to fill up 10 gallons of gas, or the hard money that takes only 30 units to do the same job?"
the medium of exchange you choose will dictate how many minutes yourself and future generations have to spend at the counter to be able to buy stuff and calculate the numbers in your accounting books. it adds up over time.
why do countries with inflated currencies tend to stay poor? i think partly it's because people are tired from doing maths and lack the energy to do more important stuff. many businesses in those countries simply ignore the accounting book because it's gonna be a bunch of extra zeroes for every item that they have to write/read/communicate. without a proper accounting book, those businesses tend to stay small and local and live day by day without thinking / planning for the long term.
we're in the business of designing and adopting hard money, something that's gonna replace both gold which ruled for 5000 years and the dollar which ruled for 100 years. remember 95% of world's population still don't really use bitcoin. if you want to replace traditional monies that were there for hundreds and thousands of years, your alternative money gotta be really damn good. 700 units vs 30 units is a big difference. if you choose a money that requires American people to count, communicate, and calculate 700 units every time they have to buy 10 gallons of gas (a basic item), they will very likely prefer to continue using the dollar. because why would they choose to use a currency that looks somewhat similar to inflated vietnamese dongs? and if they don't want to use your money as medium of exchange, it will never become a unit of account.