Subnostr

New bitcoin measurement unit…instead of bitcoins, sats, bits, etc, we can think of bitcoin in terms of time…

For example, there are 1440 minutes per day. There are currently 450 bitcoins mined per day on average. Thus, 1 minute of all bitcoin mining hashrate produces .3125 bitcoin.

If you had a stack of 250,000 sats, you’d have 48 seconds of global bitcoin production.

If you had a 1 bitcoin stack, that’s equivalent to 3 minutes, 12 seconds.

Of course if your stack were 3.125, you’d have 10 minutes or 1 block time.

Have you ever tried thinking of your stack in terms of time?

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Discussion

Robertrobert 1y ago

I have and every 4 years I double my bitcoin time!

Dr. Bitcoin, MD 1y ago

May your bitcoin time continue to double!

In the old and foolish days of bitcoin, the general rule was “never sell more than half at a time.” This was naively said thinking that in 4 years you’d be back in the same place. But it didn’t work out that way…price rose so fast that you felt like you had even more…which made you feel ok spending another half. The reality is that once you first sell, you’ll never get back to a stack of that size.

A better rule would have been, hodl until you can’t and then see where you are and how best to raise lower quality funds like dollars when necessary.