When on one side of the equation is fiat, price discovery is meaningless.
Don't focus your energy on meaningless things like fiat.
Would you rather own a fixed portion of the global economic pie or a diminishing one?
Here is an excellent quote from Jeff Booth to all the wanna be Bitcoiners: "If you're pricing Bitcoin from the control system, you haven't left the matrix yet."
Here is an excellent quote from nostr:nprofile1qqsg86qcm7lve6jkkr64z4mt8lfe57jsu8vpty6r2qpk37sgtnxevjcpz4mhxue69uhk2er9dchxummnw3ezumrpdejqzrthwden5te0dehhxtnvdakqaktkhjto all the wanna be Bitcoiners: "If you're pricing Bitcoin from the control system, you haven't left the matrix yet."
Imagine there are 21 million people on Earth and Bitcoin is the only medium of exchange. It is evenly distributed - everybody has 1 Bitcoin.
How much do you think a person would value all of his property and income?
Now do the same with 250.000 Satoshis (0.0025 Bitcoin) the approximate average based on 8 billion people.
It does not make any sense to put energy into posting on X. Your posts aren't shown to your followers. What you get instead is a stupid notification about some of those you follow posting.
I will not renew my subscription there and will focus on Nostr.
Instead of "the Bitcoin mindset" I should have always said the "rational mindset" or simply just "common sense".
Everybody is talking about price discovery, but shouldn't we be focused on value discovery instead?
Bitcoin - the only reliable economic measuring tool.