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69 sats \ 1 reply \ @Storyteller 10 Aug 2023 \ on: How much are sats worth to you? bitcoin
1 dollar is about 3300 sats. 1 take 100 and divide it by 30.
Which currencies of which countries in the world have an exchange rate that is worst than that? Venezuela, Zimbabwe. The sat is already competing with those currencies and has a better value.
If Bitcoin 10x 1 dollar is 330 sats.
Which currencies of which county in the world has an exchange rate worse than that? The sat will then compete with them. Cause the sat will be stronger.
If it 3,3 x again 1 dollar is 100 sats.
At that time I see some countries be in problem. Caribbean countries that I know.
Because 1 usd is around 100 -150 Jamaican dollar. It has been fluctuating around that rage.
So at that time 1 sat is 1 Jamaican dollar. Or more than 1 Jamaican dollar.
There are many currencies where 1 dollar is 100 of that currency.
So the moment bitcoin hits 1 million (10 x and then 3.3 x) 1 sat will be competing with all those currencies.
So I don’t only look at the dollar. I look at all the other currencies that have an exchange rate of 1 dollar is 100 x that exchange rate like Jamaica.
The sat is like a black hole sucking energy of all currencies that are not as strong as it.
As long as fiat continues to be printed by the central bank this will continue.
As a matter of fact the sat will be increasing in value against everything that can be printed easily, 1 hour of netflix, 5 minutes of song, 1 page with words (chat gpt can print this easily).
That is the trend!
That's neat perspective.
What I was also interested in was how people subjectively value sats. When you're making a decision about whether a stacking activity is worthwhile, how do you do that? If you're considering a Lightning purchase, how do you decide if it's a good deal?
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