2 sats \ 1 reply \ @Ras 2 Sep 2021 \ on: Bitcoin for the masses doesn't just need more lightning... it needs a sort of stable coin. (Discuss) bitcoin
Teach them about supply side stability and sound money. Bitcoin is saving technology, a saving mindset and longer time horizon is essential for adoption.
1 BTC = 100,000,000 sats and tomorrow 1 BTC will be 100,000,000 sats. This is the stability that matters.
Once you think in sats and begin stacking as your savings, the volatility issue only remains within the fiat matrix where prices generally go up. Meanwhile, in (bitcoiner) reality prices generally go down over time.
We need to price things and build out the infrastructure for POS. This involves using sats as a point of reference. Making POS systems that accept it and price things in it. It will be dynamic to start so this means prices need to dynamic tagging on goods. It’s a user experience problem. Prices fluctuate at stores all the times this is no different than fiat. 1 sat = 1 sat