Why Nostr? What is Njump?
2024-08-08 08:43:10
in reply to

ericfj on Nostr: If your unit of measure is dollars i then sure whatever, but the word “value” is ...

If your unit of measure is dollars i then sure whatever, but the word “value” is a lot broader- especially because I’m talking about timelines longer than the dollar has even existed. Before modern Finance 201 or Econ 101. Gold was once the base unit of measure as were other things. Bitcoin may one day be. USDT etc are literally promises to a unit on a ledger. That’s not a store of value in any sense of the word outside of these textbooks you’re referring to. You could also say they sold out of Tether into Bitcoin. Everything is relative to your base unit of choice.
Author Public Key
npub10xvczstpwsljy7gqd2cselvrh5e6mlerep09m8gff87avru0ryqsg2g437