70 sats \ 6 replies \ @flat24 24 May \ on: SN and the Zen of 1sat=1sat meta
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 $💩
My reason for keeping it on sat/$ 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.
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You are not alone. Most respondents have said this is their choice as well.
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A few others have said they like the sat/$ option as well.
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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".
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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
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Well said.
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