Hi Steemit,
I've heard from friends who have lived in countries that had to learn new languages (like when you move from London to New York. jk) that it takes a good 6 months to think and operate in the new language, no matter how much pre-study you've done before.
So I got to wondering, would it be possible to learn to think in a new currency if you forced yourself to judge prices and convert all prices to a different currency? Seems to me that it would be the exact same thing.
So, my challenge to myself is to learn to think in Ethereum for pricing. One of the problems that I think holds cryptocurrency users back is the insistence on converting back to their dominant fiat. Yes, it's fun to cheer the exchange rate when it's heading in the right direction, but it still gives psychological power to the almighty dollar.
I think the crypto world changes when people start cheering when the price of a carton of eggs drops .001 Ether, rather than continuing to value the day to day in dollars and cents (or pounds and marks - I got that right, didn't I?)
So, I want to share this journey with you by playing my own little version of the price is right with the day to day things that I buy. Then, I'll make the conversion based on the actual exchange rate, and learn how to value things in Ethereum.
So you know where I'm coming from, I'm in the US, and have been excited about the central bank killing powers of crypto since I heard about it in 2013. I'm not a crypto millionaire - no where close - but I did make some tidy profits, especially in the last few years.
I'll be tagging these posts #ThinkInEther if you want to follow the experiment.
To make things a bit easier, I'll be reporting in MilliEther, or "Muh-LEATH" to please Muh Patriots. I'll abbreviate this mE.
Today I bought
A postage stamp. My guess: 0.5mE Actual: 0.44mE
Two Energy Drinks My guess 1.5mE Actual: 2.33 mE
I'll spice things up in the future with some fun pics. Y'all play along! This will be fun!
Interesting idea!
I think that understanding value in terms of currency is much simpler than all of the complexities involved in understanding a language.
I moved from the US to France in my 20's. When I arrived there I spoke no French. I was indeed speaking and dreaming in French by six months. However, I was understanding relative prices, converting them to dollars, and assigning them their own values in Euros in under a week. I was also accurately understanding temperature in under a week (as evidenced by the fact that I could appropriately dress for the weather).
Cool thing to think about though. And I agree that when people start communicating value in terms of a new currency is a very important part in the currency's life.