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IntroIntro

Since October last year, I started tracking expenses we were able to pay with sats. At least for some items I expect we'll keep buying well into the future. That's where this series started.

This is the 5th installation of the series. It's designed to show how our purchasing power changes for stuff we buy with sats. (Link to previous post: PSI Part 4, Feb 2026).

This time, in addition to the usual monthly changes, we finally have enough numbers to see QoQ changes. Let's go!

Background, LimitationsBackground, Limitations

I want to only track items we actually paid for with sats. In South Africa, where we spend part of each year, that is possible in many ways. However, we also spend considerable amounts of time outside of SA, living nomadically.

More on what that means for this series later.

The Numbers, NaoThe Numbers, Nao

Monthly Sats InflationMonthly Sats Inflation

ItemMonthSats/Unit (avg)Change
ElectricityJan242.13612.55%
Feb311.95728.79%
Mar276.876-11.27%
FuelJan1429.0504.42%
Feb1821.17927.41%
Mar1672.943-8.14%
MilkJan1135.4772.09%
Feb1462.87428.88%
Mar1391.360-4.94%
Phone dataJan4657.8853.79%
Feb6120.37931.42%
Mar[*]--
WaterJan4657.188-0.59%
Feb[*]--
Mar5858.33825.82%

Units: Electricity in kWh, water in kilo liters, phone data in Gb, fuel and milk in liters.

Inflation in terms of sats has been mixed this month. Water hasn't had any reference in Feb, so the change shown is since January. I suspect it would have been slightly negative for March if we had bought water last month, but to be clear: that is just speculation.

Long story short, we've actually seen our purchasing power increase for the first time in a while. That's something, and made me smile a bit after getting battered for quite a while now.

QoQ Sats InflationQoQ Sats Inflation

ItemQuarterAverage (sats/unit)% change (QoQ)
ElectricityQ4 2025186.620-
Q1 2026277.08048.47%
WaterQ4 20254556.180-
Q1 20265124.58012.42%
MilkQ4 2025913.360-
Q1 20261306.27043.11%
Phone dataQ4 20253629.450-
Q1 20265389.13048.50%
FuelQ4 20251325.390-
Q1 20261703.70028.57%

Units (as above): Electricity in kWh, water in kilo liters, phone data in Gb, fuel and milk in liters.

Prices represent the average paid across each quarter.

Well, this summarizes the pain we've all witnessed as our beloved fiat shitcoins kept buying more and more bitcoin. It sure isn't pretty, but also a reminder that bitcoin isn't only number-go-up.
But, despite the purchasing power bloodbath, we can spot some nuance. What stands out to me is how comparatively little our cost for water increased and the same for fuel to a lesser degree.
I should point out this was before the shenanigans in Iran started. I'm fairly confident that relative gap for fuel could close rather quickly.

SummarySummary

I'm very happy for the little breather from continuous inflation. Sure, QoQ shows the cumulative pain which is real. But then again, it's also part of the journey when you try to live off sats.
We're living this way for a reason and won't complain about the bad spells when the majority of our long-term experience has been so good.

What's Next?What's Next?

We already left South Africa late March. Our plan sees us return around October or November. That means this post will likely be the last "official" post of the series until we return to SA.

This year, our travel plans will take us through parts of Europe and Asia. None of the places are exactly known for being good spots to spend sats.
However, I will post sporadic updates if we happen to discover merchants from whom we can buy comparable stuff with sats.

What Happens to the Series?What Happens to the Series?

I thought long and hard, but decided against tracking fiat purchases and converting them back to sats for this series. For two reasons.

First, I want this series to be about sats inflation. Not hypothetical sats inflation. The latter can be had with any price chart and a supermarket receipt. The former should feel, and be, more real.

Secondly, it's quite likely we won't have enough comparable items. We likely won't buy fuel at all. Neither water, and electricity is unlikely too. That only leaves milk and phone data where regional price differences will have far more of a price impact even when measured in sats than providing actual signal.

I'll rather pop in if I come across some places where I can spend sats and make comparisons on the fly. My hope is in a few years from now, we'll be able to buy in far more locations. Heck, maybe this series even still exists by that time!

On the plus side, when we return to SA towards Q4, we will likely have to stay for at least one year for administrative reasons to do with regaining/maintaining citizenship status. It's complicated and I won't bore you with the details, but in effect, it means we're likely to be "stuck" for a minimum of 12 months, likely more, almost continuously.

So the official part of the series is only paused until we return. Which we will. Meanwhile, I will try my level best to unearth more sat spending opportunities on the road to have at least some numbers to provide some comparisons until then.

Thank YouThank You

Thank you for the support and interest so far. Again, this isn't the end. But it is a good time to say thanks for reading. It really helps when you're not writing stuff for the void only. xD

  1. No purchase made, so no data. In case of monthly gaps, change is measured against the last available set of prices.

very interesting, do you see much more btc adoption in SA these days?
do you feel safe and whatnot when going back?

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very interesting, do you see much more btc adoption in SA these days?

I do notice more interest than in many other places. That may well be because I also know more bitcoiners and hang in circles interested in btc.
The biggest difference to me is the amount of people actually spending btc compared to any other place I've been to. And if they don't, they're more likely to be interested in the how and why.

One memorable, representative example from a few weeks ago was getting our car washed at a place known for accepting btc via Lightning (Thunder Brothers.)

I must've been one of if not the first to ask for it at that specific location. The two available members of staff had no idea how to process the payment, but they knew their system can accept it and were super keen to learn how it works.
A few phone calls later they had the instructions and were pumped to see their first accepted btc payment go through and how seamless it was from my perspective as customer.

do you feel safe and whatnot when going back?

Yes. But I also know what to look out for, which situations to avoid in which areas and during what times.
I'm sure people from other countries with safety issues can relate.

In general, it feels to me that it has gotten safer in the past decade, but obv still not comparable to most first world countries by a fair margin.

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thanks for sharing the insight, it's quite fascinating, especially when the only stuff i ever hear about SA is max max-esque horror stories

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43 sats \ 1 reply \ @Scoresby 19h

Thanks for doing this! It is an excellent series, and one to which I always look forward. Well done.

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Thank you for the kind words.
Looking forward to continuing it.

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I’ve really enjoyed this. Look forward to you picking it back up once you’re back in South Africa

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Thanks! Yeah, by that time we return, I might be able to have YoY change comparisons. Something I'm looking forward to.

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Don’t track me you’ll cry

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I’m so bloated help

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This is too hard

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I’m bloated

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22 sats \ 1 reply \ @zeke 15h -50 sats

This is the kind of data that matters more than any macro chart. Real purchases, real sat prices, tracked over time by an actual person.

What stands out to me is how much the variance changes depending on the category. Some items are volatile in sat terms even when they're stable in dollar terms, purely because of BTC price swings. That's the time preference problem in miniature: do you buy now or wait for a sat-price dip that might never come?

I'd be curious if you've noticed any behavioral changes in your own spending because of tracking this. Like, do you delay purchases when the sat cost is unusually high? That would be the "sats-native" version of waiting for a sale.