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21 sats \ 2 replies \ @unboiled 5 Oct \ on: 🏷️ Hey it’s Spending Sunday! What Have You Bought with Bitcoin this Week? AGORA
Just the other day, I started tracking a few of the more regular BTC purchases to better visualize how, over the long term, we get a deflationary lifestyle out of using sats.
Might as well share this week's stuff here.
Lightning directly:
Electricity 148 kWh @ 165 sats/kWh
Water 3.4 kL @ 4303 sats/kL
Milk (long life) 6 L @ 799 sats/L
via Bitrefill:
Phone data 4.5 GB @ 5832 sats/GB
We also bought other groceries via Lightning as we currently do just about every week.
The sats spent have "matured since 2023." Or in plain English: we bought them back then. So we got a nominal discount of around 73% compared to our reference fiat (EUR).
(Nominal discount meaning the fiat hasn't been adjusted for inflation since 2023 because... I can't be bothered using fake inflation numbers, using an adjusted basket of goods just to make them look better, to then arrive at a somewhat-smaller-but-still-impressive percentage.)
Not sure it's worth to be so picky with inflations details, the results will show up either way, and the change it applies is probably not worth the effort. It's impressive you are able to pay utility bills with sats. What service are you using? Or is the provider accepting sats directly?
I assume milk is bought p2p, maybe ask the seller to add it here #1082068, so more can enjoy that delicacy!
Look forward to seeing how this index values decrease over time
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It's impressive you are able to pay utility bills with sats. What service are you using?
We're spending roughly half of the year in South Africa. For our home here, we have a prepaid water & electricity system. We buy vouchers at just about any grocery store and get a pin code to type into our meters.
Pick'n'Pay (3rd largest supermarket chain here) started accepting sats a bit over a year ago. So we buy a lot of stuff there and pay via lightning directly.
They also have liquor stores, some household items and even clothing stores under the same brand, in all of which you can pay via lightning too.
Granted, their products often aren't the best in terms of quality, but for basics it does the job just fine.
And finally, for some other things like phone data, Bitrefill has many vouchers on offer for SA.
I assume milk is bought p2p
Same as above: bought at Pick'n'Pay. Would love to unearth a p2p fresh milk vendor, but haven't found one yet. Still need to work more on our local network here.
Look forward to seeing how this index values decrease over time
Absolutely! I've been tracking it mentally for a while now, and the deflation is real. But I thought I might as well track it properly with a few staples that I know we'll continue to buy for years to come.
It's different to kinda know you're living a deflationary lifestyle when compared to being able to pull up a sheet with items and their associated costs in sats over time from which I can visualize it in more powerful ways.
It also feels more real to track actual purchases than just retro-fitting conversions from old fiat prices even if that leads to the same results.
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