Reverse inflation
234 sats \ 2 comments \ @Atreus 13 Nov bitcoin
My wife and I have a favorite little pasta place we visit every 3 weeks. It's cost me between 50,000 and 70,000 sats all year, depending how things were going.
Today it cost me 32,000 sats. 😏 Kind of a weird feeling and worth posting about.
Anyone else living on a sat standard and having a similar vibe?
write
preview
related posts
0 sats \ 0 replies \ @Rothbardian_fanatic 13 Nov
The goods you are buying must be priced only in fiat! You might want to check what has happened in the metals area to compare prices and what they are doing. I think that, as of this moment, prices in sats are falling as with PM.
reply
0 sats \ 0 replies \ @zapsammy 13 Nov
the lower sat price of goods & services feels better than a higher $ price of bitcoin. the fiat numerology is very strong in people's mind.
pricing in months of rent & groceries that i got saved up is a much better measurement for now, more connected to reality.
it's funny how i would be willing to spend like 20,000 sats on a steak today, but only 1,000,000 sats (50 steak-equivalents today) on some fancy all-inclusive trip in the future or a new car. even that seems too expensive, unless it's for a big group of friends, and i get some sats back, lol
reply