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200 sats \ 8 replies \ @siggy47 31 Mar \ on: The Bitcoin Halving bitcoin
Glad to see you back posting here. It's hard to believe that Kiyosaki would tweet something like that. I don't look at him as a bitcoin guru or anything, but still.
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This is an equally ignorant quote:
Of the three, silver is the most affordable for the most people.
Bitcoin is about $70,000 a coin. Gold is about $2,500 coin. Silver is about $35.00 a coin.
As if you must buy a whole bitcoin, or one ounce of gold, for that matter.
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IMO the unit bias is one of the reasons why people shitcoin. "Oh look that coin.. it's totally affordable at 0.001 $ a coin unlike bitcoin.. if it ever went to 1 $ I will be rich". Very similar to pink sheet stocks. I mean people realize they are buying crap, but the psychology combined with pump&dump schemes still makes them do it.
Therefore let's standarize the use of sats (or uhm bits).
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Exactly!
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Yes, we need @CarlBMenger more often on SN !
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I know, I couldn’t believe it myself at first as well. I have nothing against him though and I think he did a good job with his first book to wake up people, but Man that tweet, LOL