Try to imagine a world where people think differently to you.
Try to imagine a world where people think differently to you.
Try to imagine a world in which bitcoin has a non-dollar value
Its currently worth over a hundred thousand dollars. But please. Do keep believing whatever it is the TV tells you.
Right! You can only express its value in dollars. People only care about bitcoin because of dollars!
Would you prefer Yen ? Euro ? Eth ? Kilowatt hours ?
Every single one of those things ultimately denominated in dollars!
Do you understand how stupid that statement is ? Any unit of account can define any currency in terms of its unit. Gold can be priced in terms of dollars,yen,euros etc sterling can be denominated in rouble,riad,lira etc This isn't the gotcha you seem to think.
Sure it is. People only care about bitcoin because it’s worth a lot of dollars!
Sigh. We are back to where we started. Ie your inability to understand that because YOU think that, naturally other people must. Not all do.
Okay why did you immediately tell me how many dollars it’s worth
Because you said it had no dollar value. Patently untrue. It is also a great store of value. Is an excellent bearer asset. Has no counter party risk. Solves the double spend problem. Is a money network. Requires no intermediary and is non confiscatable. All uses unrelated to its dollar value.