It's not that Bitcoin price is rising, it's that the fiat shit is decreasing its purchasing power. In other words shit is going to the place that it deserves, 'into a gutter'.
1122 sats \ 23 replies \ @senf 10 Nov
Milk didn't get 30% more expensive in USD in the past month.
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Alright. What about buying milk with Sats instead of Fucking shit?
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0 sats \ 0 replies \ @ek 10 Nov
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But it did on a Bitcoin standard
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1122 sats \ 18 replies \ @senf 10 Nov
But it didn't in any way that makes sense in reality. I care about the real-world purchasing power of my sats, not some puritanical false view with blinders on that requires ignoring the wider context in the world around me.
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If you've converted all your fiat into Sats just 5 days ago, evrything in your wider world might have become cheaper by at least 15%.
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I'm clear. There's no fucking Bitcoin price thing. If you're calculating Fiat to Bitcoin, it's a sin in itself. Fiat gets a number because the governments attach to it.
Bitcoin gets its value by itself.
So, there's no need to attach a price tag with Bitcoin. Let it be 1sat=1Sat.
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100 sats \ 5 replies \ @senf 10 Nov
How many sats would it be reasonable to pay for a pack of hotdogs next month?
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Does the pack of hotdog has price tagged in sats?
That's exactly correct, because the purchasing power of Bitcoin has increased quite a bit.
Rather than, as you said: "It's not that Bitcoin price is rising, it's that the fiat shit is decreasing its purchasing power."
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And you mean that fiat is stable? It isn't volatile?
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0 sats \ 1 reply \ @senf 10 Nov
In the short term, absolutely.
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It only shows how deep you're inti fiat. You're counting on the benifits of it. Don't you know what happened to Iranian Rial in the short term? I don't want you to remind all of Latin American Nations.
Excuse me sir, but you’re on stacker news
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1132 sats \ 3 replies \ @senf 10 Nov
Well aware of where I am. Bitcoin is fucking amazing, but some of us have real dumb takes sometimes.
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Yes. It was dumb saying milk didn't get 30% more expensive in dollars in the past month but it surely did in past few years. This is what you get in Fiat standard.
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0 sats \ 0 replies \ @ek 10 Nov
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0 sats \ 0 replies \ @ek 10 Nov
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YESS!!!
One day Bitcoin will be worth $100M but by then the dollar will be a worthless unit of account anyways.
More like 10 sats buys one Big Mac
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can't wait to buy a Big Mac with 10 sats!
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Ready for my Royale with Cheese
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