People working harder to earn satoshis than fiat
1706 sats \ 21 comments \ @cryptofolyo 5 Mar 2023 bitcoin
People are working 100 times harder to earn the same amount in satoshis by generating content than they are doing to earn fiat. At least I am doing that.
Content economy is coming where the generated content will be shared across the world and people will pay royalty for ever for the generated content
What it means is that people are valuing satoshis much more than they value fiat in the same amount
Which ultimately means that the valuation of bitcoin is much higher than how much it is valued today.
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100 sats \ 1 reply \ @earnbitcoin 5 Mar 2023
An example of this occurring is on Microlancer.io
Many tasks (from a client / employer) that are listed there are low value ones ... along the lines of "like my Instagram post" to earn 50 sats, or "subscribe to my youtube channel to earn 300 sats", etc. But even tasks requiring skilled work (e.g., write some javascript to do X) are finding numerous offers from taskers (workers) even when the client/employer has set the price at something stupidly low like 5,000 sats (relative to what would be required for the same task on Upwork or similar).
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25 sats \ 0 replies \ @cryptofolyo OP 5 Mar 2023
Thank you for sharing the link. Interesting activity going on there. A lot of online task bartering will start to happen in these platforms.
People who are fascinated by satoshis, but wouldnt want to take risk of converting fiat because of lack of easy conversions will start using these platforms
And the high quality intellectual digital labour available cheaper in bitcoin terms will become a reason for bitcoin valuations to push to higher levels
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102 sats \ 1 reply \ @ek 5 Mar 2023
Yeah, I sometimes go through old posts of someone and find valuable content which I then tip. I always wonder what that person then thinks when they see that this content is still getting views and even tips. I think its really cool to know that I can get tipped "for eternity" for what I post here or on nostr.
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0 sats \ 0 replies \ @cryotosensei 20 Feb
What if that person were you? Now you know. I swear I’m not stalking you. I wanted to read some posts regarding work n found your response. Though twice in one day is uncanny haha
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50 sats \ 0 replies \ @legxxi 6 Mar 2023
Makes sense, fiat dilutes while sats do the opposite strengthening their value by the year. Store the sweat of your work in the best vehicle!
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50 sats \ 0 replies \ @nullama 6 Mar 2023
sats are precious
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50 sats \ 0 replies \ @chungkingexpress 6 Mar 2023
I totally agree. A satoshi is worth far more to me than its current fiat value. Something special about it gives it a higher perceived value in my eyes.
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50 sats \ 2 replies \ @034b9abe0e 6 Mar 2023
That’s some conditioning for novelty no doubt. I think the point of Sats is to work less hard.
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0 sats \ 1 reply \ @cryptofolyo OP 6 Mar 2023
Work hard to earn and stack satoshi now And retire in 5 years and work less hard.
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10 sats \ 0 replies \ @034b9abe0e 6 Mar 2023
Why put off for five years what you can do now and focus instead on passive income.
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50 sats \ 0 replies \ @TheBTCManual 5 Mar 2023
Bitcoiners are definitely valuing sats more than the relative purchasing power today by the way tips and payments amounts are going, and with all these small payments you really have to think long term, because you either have to give it away or hope to earn a bunch to sweep them into on-chain or to swap it to someone for something
I don't mind picking up the odd sat dono, but my job is still where it's at, pick upt he fiat, and burn what I don't need for the near term and turn it into sats
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50 sats \ 2 replies \ @Wumbo 5 Mar 2023
I agree with your statement.
I would add one thing that might be skewing your observation slightly:
The high-friction process of buying sats with fiat:
  • Avoiding KYC Exchanges
  • Banks limiting Fiat Transfers to Exchanges.
Could cause people to value sats higher because they are more of pain to obtain and replace (then they should be).
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2 sats \ 0 replies \ @cryptofolyo OP 5 Mar 2023
yes. NOSTR will provide a platform for non kyc accumulation of satoshis and in many countries not easy to buy bitcoin for fiat.
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2 sats \ 0 replies \ @cryptofolyo OP 5 Mar 2023
And the potential future valuation
Those who are already into satoshis treat satoshis more precious than fiat pennies
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10 sats \ 0 replies \ @Busybe3z 6 Mar 2023
The point of sats is transparency, no? Once fiat is archaic (not in our life time boys) it will be seen as dirty money While sats and prob govt crypto will be seen as more valuable and be global
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10 sats \ 4 replies \ @DarthCoin 5 Mar 2023
This remember me about this...
If you didn't waste your time all these years with your shitcoins, now you would not be in this situation wondering about how to earn some sats...
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0 sats \ 3 replies \ @cryptofolyo OP 5 Mar 2023
Not everything other than bitcoin is shitcoin The percentage growth of some crypto may be higher than that of bitcoin ( from personal experience of myself ) So its always wise to build a crypto portfolio with maximum allocation into bitcoin like 80% and then remaining 20% into high risk opportunities, crypto or other than crypto
Example : AMPLEFORTH My article on Satoshis thoughts one week after bitcoin whitepaper
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10 sats \ 2 replies \ @DarthCoin 5 Mar 2023
Not everything other than bitcoin is shitcoin
OMG you still insist with this bullshit? You NGMI. HFSP
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0 sats \ 0 replies \ @cryptofolyo OP 6 Mar 2023
#147974
This written for you. :)
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0 sats \ 0 replies \ @cryptofolyo OP 5 Mar 2023
yes i do
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0 sats \ 0 replies \ @cryotosensei 20 Feb
Personally, the sats I earn from Stacker News spark more joy than my fiat from my full-time job. I think it’s because I’m earning sats through my writing. My writing is 💯 my entity. I don’t have to follow protocols or bow to bureaucratic rules in order to produce something. I just need to leverage my muse and have the discipline to organise my thoughts on paper. So earning sats is fun to me!
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