With it, better than comparing to price in dollars, we should have fair price for everything in BTC!
1- inside the community, region - its the price in energy/joules and work to produce that thing.
2- for external markets/exchange - a community can compare its energy production capability with the other region and have some type of protectionism.
All prices should be in bitcoin. Deflation would be real, dollars would just be something of the past.
I have been talking about this here in Nostr, and provably some economist could formalize this.
