I've heard people say that Bitcoin is a refuge where money can go to escape inflation, but if the value of BTC is always listed in fiat currency, won't it inflate along with the fiat?
>the more expensive
In the inflated fiat currency!
Don't we need a measure of its value that is independent of fiat currencies?
I think we should evaluate 1 BTC based on how many liters of drinking water it's worth.
The idea is that the value of the BTC in terms of goods and services remains constant
eg in 2016 a coke costs $100 and a btc costs $100
in 2020 a coke costs $500 and a btc costs $500
btc has escaped inflation in this example
Market cap of meme currency increases by $500,000,000 five hundred million dollars and zero cents in 1 day