Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Again, USD changes functionally while BTC does not. The latter is 100% predictable and reliable, the former is up to the whims of the printing press. What was 1 USD last week is no longer 1 USD today. And unlike with BTC that is not due to 'relative value' to other goods based on supply and demand.
Nobody would've been able to almost eradicate entire nations if BTC was the currency of choice, because the functionality is consistent and constant over time. Meanwhile with central banks and fiat currencies all it takes is some good old hyperinflation or complete loss of trust which turns fiat from money into useless paper.
The only way you can accurately argue $1 = $1 is if you refer to the paper and its specific print. As money this is untrue.
Yes, I do agree with your comparison between BTC and USD. That's why I do like BTC.
But still...
1 USD (with its inherent shitty features, like unpredictable emission rate, risk of being turned into completely useless paper and whatever you want to add here) = 1 USD (with its inherent shitty features, like unpredictable emission rate, risk of being turned into completely useless paper and whatever you want to add here)
It's just an equal sign with both *IDENTICAL* values at each side of the equal sign. That shouldn't be debatable.
Like "cmqñljer=cmqñljer" where I don't know what "cmqñljer" really is, nor its characteristics, nor I do really care... but I can safely say that 1cmqñljer = 1 cmqñljer.
But... If I wanted to really explain its advantages I would focus on them instead of just saying that 1cmqñljer = 1 cmqñljer which I don't think is a very good argument to convince anyone. And the same applies to 1BTC = 1BTC.
Anyways, people will keep repeating it at each and every dump as some sort of miraculous Vodoo. I know. I will just have to live with it as I have done all this years
But here you keep ignoring the time variable when you try to assert 1 USD to be 1 USD.
This is only ever true in an isolated snapshot of an arbitrary "now". The functionality of 1 USD at any time t is different from the functionality of 1 USD at any time s that is sufficiently far from t. This does not happen with BTC.
I'm not sure in what other way to verbalize the fact that 1 USD is not always going to be 1 USD. It's not about the paper bill, or the number that shows up in a bank account. Those are entirely arbitrary and irrelevant when it comes to the functionality as money.
If you had a fiat currency without a central bank (or a functional equivalent) you'd have the 1 USD = 1 USD argument in the same way that you have 1 BTC = 1 BTC.