0 sats \ 0 replies \ @CheezeGrater 15 Apr \ parent \ on: what is time? FiresidePhilosophy
It's all about the temporal perception!
every purchase has Bitcoin as its opportunity cost
you don't know what you're doing until you realise this
Earth - Moon ---------------------------------------------------------------------------------------------- Sun
Surface ---------------------------------------------------------------------- Penny ------------- Flashlight
The way I see it:
You're either saving in Bitcoin, which should preserve your purchasing power, or at best will massively increase your purchasing power as it is an undervalued asset...
...or you are lending out your capital to get returns on it, here most of your options are fiat-denominated.
Bitcoin-denominated lending is effectively shorting Bitcoin - not something I would like to be on the lending side of.
In hindsight I think this was always going to be the case, people don't like remembering multiple names for the same thing.
Social consensus is exactly the barrier Bitcoin needs to overcome, everything that helps us get there is worth the discussion.
The definition of one bitcoin as 100m sats is the original mistake here.
Calling 100m of the smallest unit of Bitcoin a satoshi and the smallest unit itself a bitcoin might have been a better choice, or maybe just don't call 100m of the smallest unit anything since we already have names for quantities...
10 sats \ 2 replies \ @CheezeGrater OP 8 Feb \ parent \ on: Let's compare some prices in Sats! bitcoin
Damn I would be upset if I had to pay that much for beef