Well yes, because those people who spent 20k SATs last week on a burger could have bought that burger meal cheaper this week.
We are no where near bitcoin being a standard for anyone to be throwing their SATs on burgers.
When that burger meal costs 25 SATs, or you're earning x amount of SATs a month, then it only makes sense.
Use fiat currency for these things, save wealth in Bitcoin.
You are still missing the opportunity cost - it's the same whether someone spends sats or fiat. They could have saved or consumed.
No, it's not. The cost of spending the SATs last week vs this week is that opportunity cost.
In other words, those SATs are worth more this week, and yet I could technically get more burger for the same SATs you spent a few days ago.
Sure it fluctuates, but net growth is positive over any significant time horizon.
Like think about 20k SATs in a year, worth more or less than last weeks spend?
If it's what worth more, a loss. If worth less, you gained.
You don't understand. Of course people are making the decision to save or consume all the time - this is clear. But, wether they decide to consume using fiat or sats is irrelevant, because its still an opportunity cost.
To say people will stop consuming on a bitcoin standard is ridiculous. It's in all the Austrian text books too.
