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It's a trick of currency risk though. The denomination can make things weird. The price of a gold piece could be $1000USD or $100USD . But if it buys you a loa
by maerF0x0 3y ago
It's a trick of currency risk though. The denomination can make things weird.
The price of a gold piece could be $1000USD or $100USD . But if it buys you a loaf at either point of time, has the gold changed in value?
I have a joke that I believe BTC is going to $1M USD. But my fear is that so is a price of bread.
To explain the joke, I'm suggesting that Bitcoin might hit $1M each, but that it will actually be nearly worthless compared to todays purchasing power (alongside the USD)
- shyn3 3y agoThat's what happens to all currencies once people lose faith in them. Being invested in US Dollars means you trust the federal reserve and the U.S. president and that's got to require an absurd level of naivety based on the recent and historical events.