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0 sats \ 2 replies \ @Fenix 14h \ parent \ on: Saying 1 btc = 1 btc when fiat price goes down is stupidity/cope bitcoin
You still haven't understood that the inflationary paper used as a unit of account is nothing more than an imposition. 1 = ₿ is 1 = ₿, conversion to fiat is a fiduciary crutch that tries to fit the current financial standard into a bitcoin standard that is not compatible.
Nope. You are 100% incorrect. Easiest way for me to prove it to you is the following:
Let us assume today you can walk into any car dealership and buy a car with sats. 4 years ago, that car may have cost you 1 bitcoin. Today it costs you 1/4 of a bitcoin.
BUT BUT BUT 1 BITCOIN = 1 BITCOIN????? Yup, 1 bitcoin is 1 bitcoin. But that is meaningless in real life.
1 bitcoin in today's world can be exchanged at a market driven rate for the actual unit of account. Every good/service a human would want to purchase with their earnings/savings is priced in that unit of account. We don't live in your fantasy world today where everything is accounted for in bitcoin. In fact, almost nothing is.
Imposition or not, the vast majority of the world uses a fiat measuring stick to price goods and services. To understand the value of the bitcoin you have, you need to be able to mentally convert it into fiat which then has a correlation to actual goods/services a human needs.
This may not always be the case, but it is the case today.
So while you may pretend to live in a fantasy world where everything is priced in bitcoin, you are lying to yourself and to others on here when you say that.