Introducing the Rib Eye Index. What is the current purchase power of Bitcoin? When it’s price goes up is Bitcoin getting stronger of USD weaker?
8/5/25 5pm pacific time the Index is ~13,155.
With apologies to nostr:nprofile1qqs9ql6mlqm8cxyr7y2am70wjhmeaf5ncuswkkj6suvygw5elgcgj4qpz3mhxue69uhhyetvv9ujuerpd46hxtnfduq3kamnwvaz7tmwdaehgu339e682mnwv4k8xct5wvhxxmmdeyu8jx —b/c the best way to buy your beef is to shake a rancher’s hand—I’ll explain how and why even tho this NOSTR crew already got it.
I’m using the price of Ribeye at Costco and using Choice level.
Why?
Costco is huge and not going anywhere. Prices are generally consistent coast to coast and choice is sold more frequently than Prime.
Not suggesting to buy this type or at this place but for Index purposes it is ideal.
Now, to confirm the calculations you’ve already all done.
$1 gets you 877 sats at 114k/btc
Costco sells Choice Ribeyes at 14.99/lb. 877*15~=13,155
Future (by 2033 December) at Sat/penny parity RI should be 1500. If it’s more than that our purchase power has dropped
At Sat/dollar parity (est 2042 December)this should be 15 Sats perLB. Again, anything more lets us know how much weaker the USD is than now.
nostr:nprofile1qqsqfjg4mth7uwp307nng3z2em3ep2pxnljczzezg8j7dhf58ha7ejgprpmhxue69uhhqun9d45h2mfwwpexjmtpdshxuet5qyvhwumn8ghj7um9dejxjapwdehhxenvv9ex2tnrdaksepv2a6 nostr:nprofile1qqsywt6ypu57lxtwj2scdwxnyrl3sry9typcstje65x7rw9a2e5nq8spz3mhxue69uhhyetvv9ujuerpd46hxtnfduq3samnwvaz7tmjv4kxz7fwwdhx7un59eek7cmfv9kqmwtzjf nostr:nprofile1qqs9ql6mlqm8cxyr7y2am70wjhmeaf5ncuswkkj6suvygw5elgcgj4qpz3mhxue69uhhyetvv9ujuerpd46hxtnfduq3kamnwvaz7tmwdaehgu339e682mnwv4k8xct5wvhxxmmdeyu8jx nostr:nprofile1qqsgt0d4sa0pz0wvn9yck36xxezf3qhwzksu0q254vruqed5wvuavuspz3mhxue69uhhyetvv9ujuerpd46hxtnfduq3yamnwvaz7tmzd968xarpvd4juctswqc4wf46 nostr:nprofile1qqsgydql3q4ka27d9wnlrmus4tvkrnc8ftc4h8h5fgyln54gl0a7dgspzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgqg4waehxw309aex2mrp0yhx6mmnw3ezuur4vgm3l90s nostr:nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgqgcwaehxw309aex2mrp0yh8xmn0wf6zuum0vd5kzmqkuzfv9 What do you think? Hey nostr:nprofile1qqszuwesacyzt8wda6c7rdshl6gv3e7kxf35nld77z7arfeyndweftcpr4mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmp0qyg8wumn8ghj7mn0wd68ytnddakj70zh7k7 do you think we can get RibEyeIndex on the Block Clock? Is it worthy of replacing Moscow Time or just worthy of adding it.
