Topic: The Future True Reference of Value - page 2. (Read 1891 times)
“[T]he universal reference” (Joohansson) would be what its observer most “demand[𝗌].”
I'm looking many years into the future. I see people get their salary in BTC and all goods are priced in BTC. Could the bitcoin price then be considered to be the constant true measure of value on our planet, like the speed of light in the universe? Instead of comparing BTC to dollar we would compare dollar to BTC. The BTC value would be an infinite flat line. Some would say: "How can you hold dollars, it fluctuates too much and looses value every day". Even gold would fluctuate due to supply and demand. Could Bitcoin (or other cryptocurrency) hypothetically be the universal reference if we pass some crucial point of usage volume? Is it even possible or do I misunderstand something?
What is the best reference of value today? What is most constant in supply and demand and not controlled by an organization (country)?
What is the best reference of value today? What is most constant in supply and demand and not controlled by an organization (country)?
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