Yes i would. If i thought my home was worth more than $37,000, i would ask for more. But at whatever price i thought it was worth, i would take BTC right now. I would take BTC for the service values i offer others too, those points i earn for exchanging my skill points for the points they offer me. I would take market price, which is a measure of current popularity.
Comments on the "Bitcoin Black Paper" (Why Bitcoin is Worth Exactly 0)
- Thread starter The_Krakenite
- Start date
Yes i would. If i thought my home was worth more than $37,000, i would ask for more. But at whatever price i thought it was worth, i would take BTC right now. I would take BTC for the service values i offer others too, those points i earn for exchanging my skill points for the points they offer me. I would take market price, which is a measure of current popularity.
You have failed the test. Nobody is asking you what your home is worth in some other currency. They are all asking what your home is worth in BTC.
You cannot answer that question it seems.
If I come to your house, and offer to mow your lawn, how much BTC would you give me for providing that service?
I am asking 10 BTC for providing you the service. Will you pay me 10 BTC for mowing your lawn? If not, why not?
Seems you failed to ask the right question. What makes your question correct?
What is your home worth in BTC, without equating it to the USD? It is a very simple question. You can't even get to the more basic service question, like mowing your lawn. How many BTC is that worth in your view?
I was going to make the same comment
Well i did that, very first answer. I said i would take one BTC right now. If i thought it was worth more i would take more BTC. I don't have to mention USD, but in this country, USD is the most ubiquitous medium of exchange for points. Whatever medium is most ubiquitous in any region, that is generally going to be an important reference point, when evaluating points for value.
So yah, if you could manage to make it impossible to move BTC into the local, most ubiquitous medium of exchange, you could decrease it's value as a store of value, since it's store of value is much improved by it's ability to be moved safely and securely.
I would tell you how much my house is worth in oranges, but not everyone will take oranges right now, if i wanted to exchange my stored value...and it would not be smart to take too many oranges because they will perish soon (even faster than the USD) if i can't find cold storage, and even if i could find cold storage it is not the best store of value.
Probably Charlie Munger's personal mathematician.
BAM! You sir have just started the BTC revolution! You are saying that you will sell your home for 1 BTC You are saying that you will pay someone 1 BTC to mow your lawn! You sir have just started the BTC revolution! Now make it stick!
Not sure what you mean. You're sounding like a Democrat, not making much sense. How do you extrapolate my willingness to sell my home for one BTC right now, with a willingness to pay one BTC to have my lawn mowed? How did you get there from here?
Well, what is it? Your home is worth one BTC. The labor cost for mowing your lawn is one BTC. Without equating BTC to any other currency, you have to equate the value of those transactions outside of fiat currency.
So you either trade BTC for BTC, or you trade it for fiat. Which are you willing to do?
You have not thought this one out thoroughly enough.
