reply on: AskSN: How do you get a bunch of stackers to reply “1 sat = 1 sat?” \ stacker news ~AskSN

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40 sats \ 12 replies \ @IamSINGLE 10 Nov \ parent \ on: AskSN: How do you get a bunch of stackers to reply “1 sat = 1 sat?” AskSN

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%.

16 sats \ 7 replies \ @realBitcoinDog OP 10 Nov

💯

40 sats \ 6 replies \ @IamSINGLE 10 Nov

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.

100 sats \ 5 replies \ @senf 10 Nov

How many sats would it be reasonable to pay for a pack of hotdogs next month?

30 sats \ 4 replies \ @IamSINGLE 10 Nov

Does the pack of hotdog has price tagged in sats?

3 sats \ 1 reply \ @ek 10 Nov

The question was how much you would be willing to pay for a pack of hot dogs in sats next month. Your question doesn't make sense.

Same question to @realBitcoinDog who is apparently already living on a bitcoin standard.

0 sats \ 0 replies \ @realBitcoinDog OP 11 Nov

Yes I’m on a Bitcoin standard, which means I know every sat is precious and I’d first reconsider if I even need the pack of hot dogs.

Now if it was a Taco Bell cheez-it Crunchwrap supreme, I’ll happily part with 5000 sats!

0 sats \ 1 reply \ @senf 10 Nov

Sure, it's 3k sats today, let's say.

0 sats \ 0 replies \ @IamSINGLE 10 Nov

So, you're now to 'lets say'. I wint suppose. Why would I?

0 sats \ 3 replies \ @senf 10 Nov

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."

30 sats \ 2 replies \ @IamSINGLE 10 Nov

And you mean that fiat is stable? It isn't volatile?

0 sats \ 1 reply \ @senf 10 Nov

In the short term, absolutely.

10 sats \ 0 replies \ @IamSINGLE 10 Nov

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.