I dislike pricing bitcoin in $
1 sats = 1 sats
1 btc = 1 btc
#btc #bitcoin
I dislike pricing bitcoin in $
1 sats = 1 sats
1 btc = 1 btc
#btc #bitcoin
I agree. Real money has value in itself.
#btc #btc #bitcoin #money
I see Bitcoin in the same light as when I travel to another country - say Japan. When I see a product to buy, like a cup of coffee, I do a mental calculation between my base fiat currency and Japanese Yen, then decide if it is expensive, reasonable price or cheap. In some case I may not buy based on this conversion.
So I only look at Bitcoin / USD as an exchange rate.
My preferred currency, Bitcoin, is improving in value each day!!! I have to use less and less sats to buy real life goods, like food, etc.
It is surprising how well the improving buying power prevents you from waisting your money on unneeded things.
All these very tempting things that are factually just for fun are looked at differently.
The whole idea that in a few years you can probably buy way more with your #Bitcoin is the perfect and I think needed filter.
For everything you need, it is a more or less a no brainer to spend.
But all luxury, most of which is a double edged sword since it fastly depreciates in time, is looked at differently.
Saving is also rewarding as it increases your buying power.
All these things are opposite to fiat.
It really makes you look different at that whole corrupted system.
One of the latest things I got over with is interest.
It took me quite a while to realize it is one of these things we think we are entitled to.
And I think it is mostly because we gain from it.
But I finally came to the conclusion it is a existential feature for the fiat system.
It has two knobs; the creation/destruction of fiat and the interest rate.
Besides forcing the system on people, simply by law and demanding taxes to be paid in fiat, interest is the mechanism that makes it interesting for people to hoard it.
Without interest the inflating money would only incentives people to spend it as fast as possible, and Gold would probably still be used as store of value by many.
The whole Keynesian theory is based upon those simple rules and just describes how governments/banks can use the system and to justify its existence.
It is brought as the holy grail to control everything (for the good of course) and insure a stable society/economy.
But it doesn't explain how it is used to enslave us and used as oppression tool not to mention enables them to rob us.
All this is needed to see the true value, usability and fairness of the #Bitcoin system.
Humans need to compare things to be able to see advantages or disadvantages, to see what is beter or worse.
Suffering is needed to better enjoy or appreciate good times and vice versa.
It is one of the reasons the fiat system was accepted for so long, the only alternative, Gold/Silver, was way more cumbersome than fiat and is fully knee-capped.
But now we have a better Money than fiat was and with more usability than Gold had.
And on top of that gives us back our freedom !
Once you see these facts it can only surprise us how hard it seems to be to see/realize all this by the masses.
But be fair, how long did it take you to see all these things and switch to the #Bitcoin Standard ?