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22 sats \ 8 replies \ @000w2 15h \ on: Saying 1 btc = 1 btc when fiat price goes down is stupidity/cope bitcoin
lol. I'm a bitcoiner because I don't want to use a shitty debt ponzi token as a "measuring stick".
i think that is the point these folks are making though. you still do have to use the shitty measuring stick because that is the globally accepted measuring stick for value.
even if someone asks for or accepts sats for payment, it is only in relation to its fiat value (today). this may change someday long in the future, but it is not the reality we live in.
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you still do have to use the shitty measuring stick because that is the globally accepted
This is an illusion, you still do not understand that measuring your existence in the worldwide currency leads you to ruin, makes your life and your existence more and more expensive, you still do not see that it is an illusion put so that we cannot see reality.
And the reality is that we must measure our existence in hard money. Not in the money that is worldwide accepted and taxes by decree.
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Go to the grocery store and ask them how much the milk costs in sats. Tell them you have the same number of sats today as yesterday, so how much they want more (or less) sats for the same gallon of milk.
Then come back and tell me it is an illusion.
I'm not saying store your wealth in bitcoin, but you must understand that bitcoin is money, just money. Money is a concept and exchanging it for real goods/services is one of its primary values.
Today bitcoin is a great store of value, but it is not a unit of account in any meaningful sense. So to understand the actual value of that bitcoin you and I worked so hard to save, we must mentally convert the value to a widely used unit of account. Otherwise you don't know how much value you have accrued and what you can get in exchange for those sats.
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There's no mental conversion to dollars necessary. If someone tells me they own half a Bitcoin, I can think, "Wow, that's pretty good. Financially, they're set up for a good life." That is Bitcoin functioning as a unit of account. We don't need to run the conversion to USD. We're probably better off converting the grocery store prices to sats so that we can understand what we're actually giving up, because the ~$111k price of today really doesn't illustrate the value of a whole Bitcoin.
Go to the grocery store and ask them how much the milk costs in sats.
You apologize, but I think this is a mistake, I don't need to do that. It is enough for me to know that now I must measure in Sats how much of milk per week or approximately spending spending, and that today with the same amount of Sats that last year I buy at least twice the same product in this case two milks.
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You don't have to use it. If you travel a lot you get used to using your own unit of account (the unit of your main savings) and you mentally convert random prices in random fiat currencies to your unit of account.
In the tweets above I just see some arrogant douche who's personal unit of account is the dollar trying to tell someone on a bitcoin standard they are wrong.
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