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1122 sats \ 23 replies \ @senf 10 Nov 2024 \ parent \ on: AskSN: How do you get a bunch of stackers to reply “1 sat = 1 sat?” AskSN
Milk didn't get 30% more expensive in USD in the past month.
Alright. What about buying milk with Sats instead of Fucking shit?
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But it did on a Bitcoin standard
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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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💯
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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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How many sats would it be reasonable to pay for a pack of hotdogs next month?
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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In the short term, absolutely.
Excuse me sir, but you’re on stacker news
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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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