I recently sold a guitar for coin. We agreed on the price, in sats, a couple days before we met up. There was no back and forth trying to triangulate the BTC:USD rate at the exact moment we made the trade 🤷‍♂️

Reply to this note

Please Login to reply.

Discussion

Yeah the dollar value of the guitar was traded for the dollar value of the sats.

Cool

if you do this purely, without ever looking at the USD valuation of those sats, then it's a true Bitcoin standard.

but if we're always dividing the USD valuation of a thing, by the USD valuation of those stats, then it's not really a Bitcoin standard.

its still a fiat standard.

I'm not saying don't do it. definitely, trade in sats as much as possible.

I'm just saying don't fool yourself into thinking that you're off a Fiat standard.

but we need is communities that can get self-sufficient to the point where they can price their needs directly in sats without looking US dollars.

*what we need