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0 sats \ 1 reply \ @cryptocoin 14 Feb 2023 \ parent \ on: When Bitcoin standard? bitcoin
Which was why I was trying to make my point ... which I'm having a hard time describing.
I don't think we ever go from using a fiat metric (e.g., USD) as the unit of account to going to using BTC as the unit of account.
I think the price for a good or service will involve a calculation using the underlying data sources in real-time (or close to it). These data sources could include commodity prices, labor costs, property costs, and capital (interest rate) costs, etc. Then once that calculation provides a result, then that is what then gets spit out as the "price" ... in BTC, or in USD, or in EUR -- in whatever medium of exchange the buyer wants prices presented in.
OK I see what you mean - you think we may never see hyperbitcoinization so there should be a "never" option in the poll.
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