{"type":"rich","version":"1.0","title":"Hanshan wrote","author_name":"Hanshan (npub1lx…6svxa)","author_url":"https://yabu.me/npub1lxzaxzge0jq9u9cecucctdt5lslwgp7hcxmp2l0wn8r2ecjenwasu6svxa","provider_name":"njump","provider_url":"https://yabu.me","html":"now if EVERYONE IN WORLD is measuring it in feet (a Unit of Account)\nand you decide to measure it in meters\n\nyou haven't changed the unit of account.\n\nNow they change the definition of \"feet\" to be 20% longer. \nSix weeks later they change it to be 10% more than that. \nthen after a little while they ot goes down 7%.\nSo you adjust your \"meters\" 20% more \nand 10% more\nand 7% less\n\nbecause the *underlying Unit of Account* has changed.\n\nThis is exactly what you're doing with the underlying US dollar price of Bitcoin in relationship to any other good you might name.\n\nits true that the distance traveled (UTXOs) haven't changed\nall that's changed is the arbitrary fiat assessment of \"value\"\n\nwhich is the whole point of what I'm saying.\nthe yardstick is arbitrary bullshit."}