SN and the Zen of 1sat=1sat \ stacker news ~meta

1828 sats \ 48 comments \ @grayruby 24 May meta

SN and the Zen of 1sat=1sat

I used to always have the SN ticker set at the Bitcoin price while on the site. Even though I am a long term Bitcoin holder, daily DCAer who has never sold a sat and doesn't plan to for a very long time, I did find constantly having the price displayed enabled reactive behaviour in me that I did not find productive. I would see a substantial price change in either direction and get a dopamine rush. What happened? Why did the price change so much? Let me check the chart, let me scroll twitter to see if there is any news.

One of my favourite things about SN is, aside from betting on it or doing push up challenges related to it, the community rarely talks about price. I have been on SN when the price was plummeting below 20k and I have been on SN when it was rocketing above 70k and for the most part no one was talking about price. Which just speaks to the quality, conviction and focus of the SN community.

Being what I like to describe as semi-retired (I still need to work but can be very selective in terms of what I do and when), SN is one of the primary ways I spend my time besides hanging out with my family. Considering I am highly invested in SN I want to cultivate the best experience possible.

Noticing that having the Bitcoin price constantly at the top of the screen was a negative experience for me, a few months ago I switched it to 1sat=1sat. I had done this before for short periods of time but inevitably ended up back at the price due to curiosity. Not this time though. 1sat=1sat is and will remain the standard. Although a simple change, it has definitely improved my SN experience and helped me focus on what's going on in our little frontier town.

If you haven't tried switching the ticker just click on the price and it will switch. There are a few other options such as sat/$ price, block height, current sat/vB rate etc but for me 1sat=1sat is the perfect reminder that I am not in bitcoin for the USD price and I am not on SN to think or talk about price.

Thanks for reading.

Sats for all, GR

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155 sats \ 0 replies \ @ek 24 May

I find moscow time much more interesting than the price. It helps me to get a feeling for how much things would cost in sats. It's like living in the future.

70 sats \ 1 reply \ @siggy47 24 May

Good post. I switch around a lot, but I always find myself going back to sats/$. I find this very satisfying for some reason.

54 sats \ 0 replies \ @grayruby OP 24 May

I was thinking block height might be a good option as well.

60 sats \ 0 replies \ @Athena 25 May

I must say SN is the best. Here I don't think about the price. I think only about gaining much knowledge .

60 sats \ 3 replies \ @Undisciplined 24 May

I'm making the switch.

75 sats \ 2 replies \ @grayruby OP 24 May

Another soul saved.

50 sats \ 1 reply \ @Undisciplined 24 May

I've tried some of the others, but I just don't care about them very much.

The dollar exchange rate is generally the most interesting to me. I'm curious to see what being unaware of it will do.

42 sats \ 0 replies \ @grayruby OP 24 May

I am ever so mildly OCD especially if I am bored so it definitely helps me to avoid constantly checking something that is changing (sometimes dramatically) frequently.

I day traded for a year between when I left my corporate job and really focused on my business full time and I did ok but I hated it because I was constantly checking prices. I would wake up in the middle of the night and be compelled to see what overseas markets were doing. Was a terrible lifestyle, at least for me.

71 sats \ 1 reply \ @TNStacker 24 May

Perhaps a more appropriate image

61 sats \ 0 replies \ @cryotosensei 25 May

Chop wood, carry water

70 sats \ 3 replies \ @cryotosensei 25 May

The SN ticker has no pull on me.

I confess that I check the Leaderboard way more often than I should haha

40 sats \ 0 replies \ @MarsIronPI 25 May

Leaderboard is slightly addicting, lol.

21 sats \ 1 reply \ @grayruby OP 25 May

Me too. I admit it.

50 sats \ 0 replies \ @cryotosensei 25 May

Good to be in distinguished company haha

70 sats \ 6 replies \ @flat24 24 May

excellent reflection, and I totally agree with you, SN is an incredible community. where value for value really makes sense. thanks for sharing your anecdotes I personally like the SAT/$ option as it reminds me that as time progresses it takes less Sats💪⚡ to get a $💩

50 sats \ 1 reply \ @MarsIronPI 25 May

My reason for keeping it on sat/$ is that right I like to get a sense for what my sats are worth, not necessarily in terms of dollars, but in terms of what they can buy. And it just so happens that I know the (current) value of things in dollars, rather than directly in sats.

20 sats \ 0 replies \ @grayruby OP 25 May

You are not alone. Most respondents have said this is their choice as well.

0 sats \ 3 replies \ @grayruby OP 25 May

A few others have said they like the sat/$ option as well.

100 sats \ 2 replies \ @DiedOnTitan 25 May

Yep. That is currently where I sit. The sats/$ option. The shift from $/1btc to sats/$ prioritizes the value properly. Sats first. Then USD. I think speaking in terms of this ratio is a helpful way to orange pill folks. Many plebs still have the notion that "It's too expensive", or "I missed the boat", but this is a function of $/1btc thinking. With sats/$, it becomes accessible to everyone. "Oh, I can get 145,600 sats for $1,000?, I can afford that."

The taxonomy of "Bitcoin" is also confusing to many because it has two (at least) very distinct meanings, 1) The protocol and network, and 2) The unit of 100,000,000 sats. Some use an upper and lower case B to distinguish the two, but I think we should always refer to the unit in "sats" terms and reserve Bitcoin for discussion of the protocol. Especially as the ratio to fiat rises. When Bitcoin hits $1 million USD, It will become increasingly difficult to transact when people are speaking about transferring 0.00001 bitcoin, "send one 100,000th of a bitcoin", when they should simply say, "transfer 1000 sats".

82 sats \ 1 reply \ @flat24 25 May

I completely agree with you, the majority of the masses think that they have missed the boat... but only because they think of btc as an option to earn more $, when in reality the real science behind the matter is to think about Sats and see how many dollars we can obtain with our units, whether more or less according to the market cycle. most only come to bitcoin to earn more money, but the truth is that not everyone knows or has a clear idea of what money is and how it works... Those who have already unlocked this level of thinking and know how assets work , hard money and FIAT are those that are already at the level of 1sat=1sat and the price of the asset is not so relevant to them unless it is at a good discount to accumulate a little more rest, you know everything is a matter of time and mathematics so that the price of BTC is increasingly higher over the years

24 sats \ 0 replies \ @grayruby OP 25 May

Well said.

70 sats \ 2 replies \ @Satosora 24 May

Hey! I had similar thoughts, too. In the beginninng I liked seeing the ticker for sats/$, but now it kind of just sits at sat=sat. Gives me less stress in life, its not like I have actually withdrawn any btc from here anyways.

10 sats \ 1 reply \ @grayruby OP 25 May

Exactly if you aren’t a trader what’s the value in looking at fiat price all day.

20 sats \ 0 replies \ @Satosora 25 May

Very true. And most of us dont care of the value it hold today, we care about the promise it will bring tomorrow.

50 sats \ 0 replies \ @Sirkay 25 May

Interesting real life experiences like this help to build others up. I appreciate the information, thanks.

50 sats \ 0 replies \ @Catcher 25 May

Wow, I didn't know you could change it, thanks for the hint:)

50 sats \ 1 reply \ @DarthCoin 25 May

I am alternating between mempool fees and block height.

0 sats \ 0 replies \ @grayruby OP 25 May

I was thinking block height is also a nice setting. Just tick along with the chain.

50 sats \ 0 replies \ @Hamstr 25 May

It's crazy when you think Bitcoin was below 20K and then above 70K looking back. It wasn't that long ago. But it doesn't matter because it's heading in one general direction, with some pit stops along the way. So stack sats and stay humble.

50 sats \ 5 replies \ @StillStackinAfterAllTheseYears 24 May

Hunh. When you change it, the change sticks at the top of the page, but reverts to your previous choice when you scroll down (you can click again to change it there; I'm guessing each loads separately). Reloading syncs them up.

Also, I like this idea. I can find out the price in a zillion ways, no need to have it constantly in front of me.

20 sats \ 0 replies \ @WeAreAllSatoshi 24 May

Sounds like a bug

21 sats \ 3 replies \ @grayruby OP 24 May

Are you using mobile. I haven’t had that issue on my laptop but I seem to recall it switching when I use mobile.

50 sats \ 2 replies \ @StillStackinAfterAllTheseYears 24 May

Nope -- this was in chrome on a desktop.

0 sats \ 1 reply \ @grayruby OP 24 May

Interesting. I haven’t had that issue.

50 sats \ 0 replies \ @beorange 25 May

Firefox as well. Looks like a bug, sounds like a bug, probably a bug.

61 sats \ 2 replies \ @BitcoinAbhi 24 May

I am kinda lazy in this. I never tried out any charts for looking at the prices, no matter how hard they are swelling or dying. But, yeah I did DCA for a while but then dropped the idea after prices fell to the bottom

21 sats \ 1 reply \ @grayruby OP 24 May

When prices fall to the bottom is the best time to DCA.

61 sats \ 0 replies \ @BitcoinAbhi 24 May

Yes, you are right. That's why I did it.

50 sats \ 0 replies \ @Coinsreporter 24 May

1 Sat = 1 Sat looks so formidable to resist. When you compare Bitcoin to Fiat, it's a likely event that you are going to regret just like two pizza man or the miner who mined 54k Bitcoins only to sell very early.

50 sats \ 0 replies \ @TNStacker 24 May

50 sats \ 4 replies \ @WeAreAllSatoshi 24 May

I watch the estimated block fees.

0 sats \ 3 replies \ @grayruby OP 24 May

As a miner should.

50 sats \ 2 replies \ @WeAreAllSatoshi 24 May

Precisely!

0 sats \ 1 reply \ @grayruby OP 24 May

Paid some fees earlier today to move some sats to cold storage. Hopefully your pool was the recipient.