pull down to refresh
50 sats \ 11 replies \ @Undisciplined OP 8 Aug 2023 \ parent \ on: How much are sats worth to you? bitcoin
Interesting. So, you're coming in under current market value? That's ironic for a leading figure in the Bitcoin movement.
I think you're looking at this wrong. koob has so much bitcoin that 1000 sats is like nothing to him. There are multiple ways to think about this. How much you value bitcoin in relation to fiat and how much you value bitcoin in relation to how much bitcoin you already have. And probably more ways to think about it. How much you value vs. your time which might be the most hard core comparison. The time one is hard to measure.
reply
I would guess nearly all of you have more bitcoin than me.
This is mostly a time thing. I'm going to spend because it's good for bitcoin but I'm not going to spend a lot of time thinking about how much a couple hundred sats are worth at present.
reply
I wrote that to be a bit tongue in cheek FWIW.
reply
I know. It's just ambiguous enough that someone might assume it's true.
reply
I mean I have no idea how much bitcoin any of you have in relation to myself. I feel about the same as you do about it.
reply
You're a modern day Mises, then.
Supposedly, when he proposed to his wife he told her that he would spend his life writing about money, but he would never have much of it.
reply
The time one is more in line with what I do.
You're right that I inferred the conversion of 1000 sats = $0.25, when it could just be that he has way more thousands of sats than he has quarters.
reply
It's a mental threshold thing, not a how much I value bitcoin thing. It reduces my mental burden to consider <1000 sats not worth thinking about.
reply
Feel free to send me 999 sats. I promise to love them forever.
reply
Nice try, but it's not worth his time to think about 999 sats, so he'll never bother sending them to you.
reply
That's ok. I would have just sent him back 1k if he did.
reply