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20 sats \ 1 reply \ @SimpleStacker 14 Mar \ on: How Is Bitcoin’s Intrinsic Value Beyond the Fiat Price Tag? bitcoin_beginners
Just a minor quibble: the fiat price does represent something meaningful--it represents the amount of goods and services that a bitcoin can buy today.
You're right that it may not have any meaningful signal about what it might be worth in the future... but it does measure something in the present.
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0 sats \ 0 replies \ @Coinsreporter OP 14 Mar
it does measure something in the present.
It measures incorrectly. For a simple reasoning why should it cost so much more to live in USA than in India? And it's not that US has some sort of scarcity for things or the demand is so much higher.
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