Post
Topic
Board Bitcoin Discussion
Re: 1 BTC = 1 BTC
by
pugman
on 13/01/2021, 17:00:37 UTC
"1 BTC = 1 BTC" emerged, IIRC, as a commentary on/response to fiat-obsessed bitcoin speculators who only cared about fiat value.

if you are a true bitcoin believer then BTC is the proper unit of account---never any kind of fiat money. fiat money is just a temporary reference. purchasing power is not and never was the definition of a bitcoin, nor should it ever be.

1 BTC = 1/21,000,000th of the max monetary supply, period. if that's not how you're oriented, then you're still stuck in the old paradigm, and you don't value bitcoin as an economy unto itself.

People arguing to keep the ChipMixer payments at their current rates who are trying to get a bigger paycheck, they know that the campaign should decrease the rates and probably want the discussion about it to stop. It's logical, though a bit too smarmy.

i just think all the open speculation lacks tact. it feels icky. people with common sense understand the underlying economics and can reasonably expect what's gonna happen, but i just don't see the point in making some public spectacle out of CM's business decisions. that's why the discussion should cease and why the service thread should be cleaned up IMO.
What he said^

People are, one jealous(which is understandable), and two, trying to farm impressions either by trying to support CM participants, or trying to bring in points against them.

Let CM handle its business, and I think I can speak for everyone in CM campaign when I say, whatever decision they make; it won't affect us. Because we care more about life than how much we get paid weekly by CM. Sole reason why you don't see any CM participant farm and make 50 posts every consecutive week.

As for the point of 1 BTC= 1 BTC, from a normal person point of view: they only care about its fiat value.

Chipmixer as a business uses btc as its main forefront, but they would still have to deal in fiat for most of their business operations/payments. So it is really only up to how they think and NOT how we think.